Dash (DASH) Suffering Worst Case Scenario, About To Lose The Level Of $70

Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • Dash is falling with a gradual negative trading pattern and suffering a serious plummet.
  • Current momentum might blow away the zone of $70.
  • DASH/BTC pair is still performing negatively with loss of -2.85% which brings the level to 0.01065518

Currently, DASH is moving along the bears as they acquired a strong bearish momentum.

The support level of $ 72.00 was the only hope that can put a halt in the volatile Dash prices but today dash lost its only savior as now they are prone to heavy fall.  

Now DASH is hitting its recent low and keen eye on the level of $70.00. The strong resistance of $75 was the sole reason for the downfall in the prices, currently, market nature is also turning bearish which means there won’t be a recovery in the near period. This level will be there the last restriction for bearish momentum.

Currently the DASH’s market capitalization is$670,943,403 USD $704,000,890 USD with circulative supply of 9,440, 173 DASH.

DASH Price Analysis 

dash1
Source:tradingview

DASH’s prices are about to enter the bearish region as prices diminish as prices started acquiring negative momentum due to the overall bearish momentum in the market and the heavy resistance it faced in its recent trading, the FIB retracement levels are making it more clear that prices are prone to bearish collapse.

Technical indicators and oscillators started turning red, as they are showing an increase in the selling volume due to the heavy bearish momentum present in the market.

MACD levels are showing that selling volume is emerging and making a strong dominance over the buying volume, it did try to compete but unable to surpass it and again there is bearish momentum in the prices and they maintain this pace.

The 24Hr-RSI took a negative divergence from the bullish region towards the bearish zone and currently trading in a manner to hit the depths of the bearish region.

The 24hr-CCI is trading at the bottom of the normal region in a negative V manner just after climbing up from the overselling region. region.

Resistance Level: $ 73

Support level: $ 70

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