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Dash Price Analysis: DASH Coin Struggling For a Breakout Above $200

  • The DASH coin price breaks below the 55-EMA during intraday
  • The 24-hour trading volume is at $350 million.
  • DASH/BTC pair is trading positive by 0.4% at 0.00310685 BTC.

Moving Average (EMA) In the DASH coin daily price chart containing 8,13,21,55 EMA, it is reliable support for currency price movements. Investors can find that price struggles around the yellow line and guarantee a downtrend for Dash as long as prices are below the moving average.

Trading volume (21.44 K) is below the 20-day moving average (121.687 K). The volume is low, so the cost decreases. Investors may also notice a decrease in volume. This indicates that unusual volatility is common on the following trading days.

DASH Coin Price Bounces Off The Support Zone

The daily price chart of DASH coin is on the rise. Depending on the price movement, the support range is between $150 and $170. On the flip side, the resistance area you should be looking for is $260$280.

The RSI showed a signal of 50 (neutral) with a short-term flat forecast. Investors may find that the indicator’s RSI line is flat. A rise can happen on future trading days.

The MACD shows a (bearish) cross below the signal line on October 10, indicating a sell signal for the currency. In addition, investors can see red bars in the histogram indicator.

Conclusion

Dash is priced at $191.99 today with a 24-hour trading volume of $350,389,928. Dash prices have been down -0.1% in the past 24 hours. There are 10 million DASH coins in circulation, and there are a total of 18.9 million coins.

RSI shows flat, and MACD indicates a sell signal. Traders have directed low volume. In fact, the cost has bounced from the support zone. A market overview also shows that this pattern will continue to surge in the coming trading days.

Resistance Level: $260- $280

Support Level: $150- $170

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.