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DASH Price Analysis: DASH Bulls are Coming Forward to Rescue the Coin

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  • The DASH price is battling for an upward movement over the sideways trend waves on the daily price chart.
  • The technical indicators are being manipulative but still support for bulls this time.
  • The DASH/BTC pair is at 0.002196 BTC which is at a gain of 1.43%.

Over the waves of sideways trend, the DASH price is struggling for an uptrend movement over the daily price chart. The accumulation of bulls have begun which is pumping the price, but this is not enough the coin needs to attract more buyers in order to sustain in the market. After the bearish pressure the coin has now initiated a recovery.

The recovery is insignificant so the bulls need to chrome forward to support the coin and make a conspicuous recovery. Investors can breathe a sigh of relief as the trade volume has increased by 6%. Investors can jump into the market now as it is a good time to make some investments and book a profit.

The current price for one DASH coin is moving at 50.28% which is at a gain of 2.27% in its market capitalization in the last 24 hrs. The coin has a trading volume of 84 million which is at a gain of 6.72% in the 24 hrs trading session and has a market cap of 545 million. The volume market cap ratio for DASH is 0.1555.

How long will this recovery take?

The DASH coin has good potential but looking at the market conditions it will be a tough call for the bulls to make the coin recover.

The MACD indicator shows that the buyers line is moving above the sellers signal line but it is about to make a cross from the above side, if the same situation persists the situation can be different. While looking at the previous data of MACD we can observe the same situation arrived previously and the bulls supporters and is also expected this time. The relative strength index is indicating the increase in buyings and the RSI value is above 50 currently.

Conclusion

Over the waves of sideways trend the DASH price is struggling for an uptrend movement over the daily price chart. After the bearish pressure the coin has now initiated a recovery. The recovery is insignificant so the bulls need to chrome forward to support the coin and make a conspicuous recovery. Although the MACD is not currently indicating a recovery, the analysts believe there will be a recovery ahead.

Technical levels

Resistance levels: $53.94 and $62

Support levels: $45.4 and $42.3

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.

Nancy J. Allen

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