Home Analysis Dash Zoom up by 16% on Monday Post the Collaboration with StakeHound

Dash Zoom up by 16% on Monday Post the Collaboration with StakeHound

  • The coin trading at the level of $75.92 gains 15% in the last 24-hours, however, gains 5.88% in the last seven days
  • The coin is in bullish momentum after clearing the resistance of $70.11
  • The volume observed in the last 24-hours is $1,029,596,574 and the market capitalization stands at $743,144,083
dash 01
source: tradingview

Over the monthly chart of DASH, a positive breakout is seen over the 4-hours candlestick chart pattern. The coin forms a descending triangle pattern over the monthly chart and the breakout from it helps the coin for bullish momentum to the level of $73.78. The coin has support at the level of $64.28 over the monthly chart and the resistance for it is $76.85. The coin shows a bullish move from the level of $66.55 and makes a high of $77.90 in the last 24-hours. 

The coin trading at the level of $75.92 and has a minor support at $73.95 while the level of $64.45 act as the major support for the cryotoasset. On the other hand, the level of $76.85 acts as a minor resistance and the strong resistance is $79.80.

Dash on Monday announced that the deposited tokens on StakeHounds will earn network rewards. The reward system will be integrated with the Dash master node. The news came after the collaboration of Dash and StakeHound that will enable users to access multiple types of decentralized services. Users need to send Dash to StakeHound which then will convert them into StakeDash and ERC-20 token for use.

dash 02
source: tradingview

Relative Strength Index (RSI) indicates the positive momentum in the coin as giving a positive crossover trading at 69.69 RSI level after the news about the cryptoasset.

Commodity Channel Index (CCI) also shows the bullish sign as trading at the level of +110 level.

Resistance : 0.5 FIB ($76.85 ) and 0.618 FIB ($79.80)

Support: 0.382 FIB($73.95) and $64.45

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

Download our App for getting faster updates at your fingertips.

Download our App for getting faster updates at your fingertips.

en badge web generic.b07819ff

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.

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners

Must Read

Top Banking Regulator describes Benefits of Bitcoin and Cryptocurrency to US Senate

The cryptocurrency has become a famous instrument for sending and accepting installments for merchandise and ventures since exchanges post progressively and give...

Is Monero Entering Into a Potential Consolidation Phase After Retracing From $125?

Monero is unable to revive its positive momentum after a sharp negative divergence from the price level of $125.00The XMR/BTC pair is...

Take Out a Crypto Loan with Bitfinex Borrow

Bitfinex Borrow enables borrowers to use crypto holdings to secure a crypto loan that can be used for trading or be withdrawn...

XRP Bulls Unable to Hold Levels Above $0.260 Signaling for Potential Consolidation

XRP price levels were able to break above the crucial mark of $0.260 on Tuesday's market session as the community had buy-back...

EagleFx Services Review

Headquartered at the Commonwealth of Dominica, Eaglefx was formed in 2019 with a vision to ease trading for its customers and give...

Coinmerce Registered at the Dutch Central Bank

Coinmerce can proudly announce that we have been added to the crypto register of the Dutch central bank on November 9th, 2020. Of...

Related News

Is Monero Entering Into a Potential Consolidation Phase After Retracing From $125?

Monero is unable to revive its positive momentum after a sharp negative divergence from the price level of $125.00The XMR/BTC pair is...

XRP Bulls Unable to Hold Levels Above $0.260 Signaling for Potential Consolidation

XRP price levels were able to break above the crucial mark of $0.260 on Tuesday's market session as the community had buy-back...

Dash Trading in Critical Support Area Unable to Regain its Positive Momentum

Dash is still trading negative after breaking below the major support level of $65.00 and unable to revive its positive momentum The DASH/BTC...

Tezos Remains Negative after the Breaks Below Crucial Price Level of $2.00

Tezos was unable to regain its positive momentum besides the overall market conditions turning green on Wednesday’s trading sessionThe XTZ/BTC pair is...

Ethereum Classic Break Below $5.00 Providing Bearish Signals Further Ahead

Ethereum classic has broken below the crucial mark of $4.00 providing significant negative signals in the market The ETC/BTC pair is also performing...