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Dash Price Analysis: DASH Coin on The Verge of Giving a Breakout

  • The DASH coin price breaks above the 55-EMA during intraday.
  • The 24-hour trading volume is at $538 million.
  • DASH/BTC pair is trading positive by 4.5% at 0.00361934 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 slips below the yellow line on the daily timeframe. It will guarantee a DASH uptrend as long as prices are above the moving average.

The volume (64.478 K) is below the 20-day moving average (196.632 K). The volume is moderate, so the cost is testing to break above the EMA for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are expected on the following trading days.

DASH Coin Price Action Rebounds From The Support

The daily price chart of the DASH coin bounces above the support zone. Depending on the price action, the support area is within $150 & $170. On the flip side, the resistance range to look for is around $260 & $280. 

The RSI showed a signal of 51 (bullish) with a short-term buy sign. Investors may find that the indicator’s RSI line is running upside. A surge can happen on future trading days.

The MACD shows a (bearish) cross below the signal line on November 17, indicating a sell signal for the currency. In addition, investors can see red bars in the histogram indicator.

Conclusion

Dash price today is $206.53 with a 24-hour trading volume of $539,351,116. DASH price has been up 5.7% in the last 24 hours. It has a circulating supply of 10 Million DASH coins and a total supply of 18.9 Million.

RSI shows a buy, and MACD indicates a sell signal. Traders have directed moderate volume. In fact, the cost pulls back 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 & $180

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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.