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- The trading volume hasn’t started rising yet.
- The coin reported a gain of 8.78% in market capitalization over the past 24 hrs.
- The pair of DASH/BTC is at 0.001977 BTC with a loss of 1.49% over the 24 hrs intraday trading session.
Dash is an open-source blockchain and cryptocurrency-focused on offering a fast, cheap global payments network that is decentralized in nature.Dash is marketed to both individual users and institutions, including merchants, financial services, traders and those who need to send international remittances.
While observing the market for DASH we observed a pump and currently, the price for one DASH coin is $59.28 with a gain of 7.21% in its market capitalization in the last 24 hrs, whereas the price made a lower low of $54.46 in the 24 hrs intraday trading session.
While talking about vol. DASH has a trading volume of 137 million with a mere pump of 0.12% and a market cap of 632 million with a gain of 6.33% in it. The volume market cap ratio for DASH has a value of 0.218.
However, the net momentum over the daily time frame graph is bearish. But we can get an idea from here that the coin has started recovering as we can observe green candles over the graph. The value for the moving average is $58.59 and observing the moving average line there can be chances of a trend reversal.
Short term analysis
While observing the graph for a short term (4 hrs) we can see that the bulls have started overcoming the bearish dominance and the price has gained 8.76% in just 12 hrs.
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The MACD indicator is indicating a bullish run as the MACD line made a positive cross over the MACD signal line and the gap is getting broader and the histograms are rising continuously hence, giving an ideal of bulls have started fighting again, if DASH bulls continued this hustle then the bullish market will be back.
The relative strength index is not overbought or oversold yet and the Value for RSI has crossed the mark of 50.
Conclusion
The daily chart is still showing the downtrend but while observing the other time frame it shows the bulls are back to the market but the volume has not started gaining yet much.
Technical levels
Resistance: $64 and $72
Support: $52 and $44
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
