- The RSI has shown a significant drop concerning the DASH coin price
- The DASH/BTC pair was trading at 0.04139 BTC, with a loss of 4.74%
- The DASH coins 24 hours trading volume is $206.3 million.
The DASH coin was at the $215 critical resistance when the Crypto market experienced intense selling pressure dropping the majority of ALT coin back to its lower levels. This strong selling resulted in a minor retracement phase in this coin which is currently holding above the 0.5 FiB mark. However, the price has not yet shown any significant movement to speculate a fair trade for coin trade.
Concerning the EMAs: The Dash coin price has shown some sudden reversal over the past weeks, which has caused the Crucial EMA’s to be drawn too close together, making it challenging to trade any signal correctly. Thus to avoid confusion, crypto traders can restrict EMA’s to only 50 and 200 EMA in order to identify the primary trend in this token.
The RSI value at 43 suggests a bearish sentiment about the DASH coin.
The DASH Coin Price Is Resonating In A defined-range
For almost two weeks, the DASH coin price fluctuated between $216 to $186, forming a narrow range on the DASH/USD chart. This new range could offer a great entry opportunity for Crypto traders who are interested in this coin. These traders need to wait until the coin price breaks out of either level in this range, which could give them a strong directional move.
The MACD indicator shows that signal and MACD lines have just moved below the neutral zone (0.00), indicating a bearish sentiment.
Conclusion: Technically, the trend for DASH coins remains bullish. And as mentioned, the price of DASH coins is trying to hold above the 0.5 FIb level, encouraging the coin buyers to keep the bull rally going. Therefore, the crypto traders can use the range shown to trigger an entry opportunity if the price breaks through its overhead resistance of the $216 mark.
Support: $186
Resistance $216