Dash (DASH) Price Analysis: DASH Price Aims To Cross Crucial level of $85.00

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • Dash altcoin price is finally having positive momentum in the cryptomarket.
  • However, the DASH/BTC pair is still negative with -1.16% loss with the level of 0.01104045.

           

Capture
Source: Coinmarketcap

On the 7day-weekly chart, Dash altcoin price started with a strong price level of $ 80.00. However, the overall bearish market forces pushed the cryptoasset to a significant downtrend movement. The altcoin broke below the crucial level of $75 but got the support level of $70. The support level provided the much-needed boost to the altcoin which helped it to cross the price level of $80.00 again with the help of the overall bullish market too.

Currently, the cryptoasset is at the price of $83.75 with an overall gain of 2.33%. The market capitalization is $794,903,625. The volume traded is $668,119,770

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 the above level of $85 again, it will react in the same manner.

Dash Technical Analysis

Screenshot (261)
Source: Tradingview

The technical graph reflects the downtrend faced by DASH due to the market forces. Many of the altcoins are facing significant price recovery due to the overall bullish sentiments in the market. Dash is been one of them but now is showing signs of huge price recovery with the price level of $85.00.

MACD levels have reached 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 positive nature from the bullish level of 65. If the level plunges below the level of 50, it may turn out to be a negative sign for the cryptoasset.

The 24hr-CCI is also having a positive divergence in the overbought region. This also means that it is getting vulnerable for a negative divergence too.  

Resistance level: $85

Support level: $80 and $78

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