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- Dash is finally having positive momentum in the cryptomarket.
- However, the DASH/BTC pair is still negative with -0.16% loss with the level of 0.01065320.
On the 7day-weekly chart, Dash altcoin price started with a strong price level of $ 75.00. However, the overall bearish market forces pushed the cryptoasset to a significant downtrend movement. The altcoin broke below the crucial level of $70 but got the support level of $68.
Currently, the cryptoasset is at the price of $75.62 with an overall gain of 1.33%. The market capitalization is $714,903,625. The volume traded is $768,119,770
The previous broke of $70 price level turned out to be positive for the altcoin as it reached a safe price level of $75. It is expected that if it breaks above the level of $75 again, it will react in the same manner.
Dash Technical Analysis
The technical graph reflects the downtrend faced by DASH due to the current market forces. Many of the altcoins are facing significant downfall due to the global market downfall occurred. Dash is been one of them but now is showing signs of huge price recovery with the price level of $75.00.
MACD levels are attempting to reach bullish zones. This is a positive sign for the cryptoasset as it will gain more due to heavy buying volume.
The 24-hr RSI is showing downtrend nature from the bullish level of 55. If the level plunges below the level of 50, it may turned out to be a negative sign for the cryptoasset.
The 24hr-CCI is also having negative divergence from the overbought region but remains in the normal zone. Any further negative divergence can be a negative sign too.
Resistance level: $76 and $80
Support level: $70 and $68
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
