- DASH coin price is currently observing a downtrend on the daily time frame. It may hit the lower support of $100 in the future.
- Technical indicators for the DASH token suggest a downside momentum for price in the future. Meanwhile, DASH/BTC pair is observing a gain of 3.47% in the intraday session.
DASH coin price is currently seeing a downtrend on the daily chart and is currently trading near the value of $124. The asset price went down by more than 0.15% in the intraday session. DASH has an ROI of more than 57500% which is much higher than its competitors in the market. Resistance for DASH price can be seen near the value of $200. The support region for the asset can be seen near $100. Dash price is trading below 50 and 100 Days Moving Average, with a negative crossover in the past. The 50MA line is at the level of $155, making it temporary resistance for the price. The coin price is currently in a downtrend but can soon revert back to the uptrend. DASH/BTC pair can also gain momentum in the upcoming weeks.
DASH coin is currently ranked 62nd in the CMC with a market capitalization of more than $2,346,364,140.52.The volume of DASH has also observed a gain of more than 23% in the past 24 hours. The volume to market capitalization ratio of the coin also suggests a continuation of a downtrend in DASH price. One can invest in DASH as per their risk capacity.
TECHNICAL Indicators Hint Towards The Downtrend For Dash Coin Price
The weekly technical chart of the DASH highlights a bearish momentum for upcoming weeks. The price of the coin went down by more than 4% in the weekly time frame. There is a formation of a downside parallel channel on the daily chart. If the price breaks 10 to 15% above the channel, then a huge buying rush can be observed. DASH/BTC pair can also see an uptrend in the future. One should wait for the price action before investing.
The volume indicator of the DASH is near the level of 9k with a small buying price. If the token price climbs above $200, then an increase in buying volume can be seen.
Conclusion
DASH coin has given great returns to investors in the past and can do the same in the future. DASH/BTC pair can also accompany the gains in the upcoming days. Investors should do their due diligence before investing.
TECHNICAL LEVELS
Major Resistance:$200
Major Support:$100