Dash Near Resistance Level of $70.2 Trading in Red

Pratik Chadhokar
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 possesses strong technical analytical skills. He is well known for his entertaining and informative analysis of the Financial markets.
  • The coin trading at the level of $70.2 at the resistance level with the loss of 0.80% on Thursday
  • After making the low of $64.5, the coin makes price recovery, gains the level $70
  • Market capitalization is $687,123,767 and volume traded in the last 24-hours is $540,764,354
dash 1 1
source: tradingview

Over the monthly chart, Dash makes a descending triangle pattern with the support of $64.5. After making the high of $74.7 over the monthly chart the sudden sell-off is observed in the coin and makes the low of $64.5, however, the price recovery helps the coin to trade at the level of $70. The minor resistance is $70.2 and the strong resistance is of $74 while the support is $64.5 as the monthly low.

The volume traded in the last 24-hours is $540,764,354  and the market capitalization is $687,123,76. The volume observed in the Global crypto market is $79.55 B increased by 10.65% in the last 24-hours while the market cap is $360.84 decreased by -0.19%.

dash 2 1
source: tradingview

Relative Strength Index (RSI) indicates the bearish nature of the coin as trading under the RSI level 50 while the recovery in the price helps the crypto asset and RSI recovers trading at the level of 49.3.

Commodity Channel Index (CCI) also shows the weakness in the chart as trading in the bearish zone, however, the price recovery helps the coin to trade strong after the low of $70 trading at the level of -66.3 CCI level.

dash 3 1
source: tradingview

Moving Average Convergence Divergence (MACD) gives the negative crossovers as we observe the price fall, however, the price recovers but we can observe another negative crossover in the bullish zone we can see price all in the coin.

Support level: $64.5 (as the monthly low.)

Resistance level: $70.5 and $74 

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