- DASH crypto price has lost its value by 35.7% in the last 1 year.
- The price of the crypto has advanced by 17058% from its all-time low price.
Dash, launched in 2014, offers fast, secure, and private transactions, operating on a two-tier decentralized network with miners and masternodes. It features InstantSend and PrivateSend functionalities.
Originally known as Xcoin and Darkcoin, Dash prioritizes usability, with various use cases including payments, remittances, gaming, and investment, backed by a supportive global community.
Dash crypto has a market cap ranking of #181 as per CoinMarketCap which further results in a market cap of $431.756M. Moreover, the trading volume for the crypto has advanced by 5.8% in the last 24 hours.
The value of the traded volume for the crypto is $65.305M which results in a volume/market cap ratio of 15.24%. The sentiment of the crypto is also bullish and the volatility is high.
The market cap dominance of the crypto is 0.02% and the supply inflation of the crypto is 4.68%. This is further followed by a diluted market cap of $692.606M and the total supply of the crypto is 11.739M DASH.
The total supply and the circulating supply of the crypto are the same resulting in 62.11% of the maximum supply. Also, the maximum supply of the crypto is 18.9M DASH. The total value locked for the crypto is $567K and the crypto is trading at a price of $36.89.
DASH Crypto Derivatives Analysis
The crypto has witnessed higher long liquidation over the last 24 hours which is further followed by the multiple last days. This indicates that the sellers have been consistently ruling over the price.
The short liquidation for the crypto over the last 24 hours is worth $5.02K and the derivatives traded volume for the crypto has declined by 20.3%. This further resulted in a traded value of $13.48M.
Negative Sentiment Vs Positive Sentiment Vs Weighted Sentiment
The positive sentiment and the negative sentiment of the crypto have significantly declined to certain lows indicating a further decline in the weighted sentiment of the Dash crypto. This shows that crypto does not have a good social media presence.
DASH Crypto Technical Analysis
Dash crypto price was following a strong downtrend for a long time which led to the decline of 97.7% in the trading price of the crypto. The price of the crypto further took support at the bottom levels and broke above the most recent swing high of $39.3.
Moreover, the price of the crypto is sustaining above the most recent swing high and if it further breaks above the swing high, a further surge in the price of the crypto might be seen.
DASH/USD Chart by TradingView.com
The price of the DASH crypto is currently taking support at the 50-day EMA and the 50-day and the 200-day EMAs further are following a golden cross. The price further needs to break above the most swing high which might lead to higher levels in the crypto.
The MACD and the signal line are trading above the zero level while the following metrics are trading in a bearish cross. If the MACD and the signal line further form a bullish cross, it might lead to higher levels in crypto.
The RSI has declined below the 50 level but is following a bullish cycle. The RSI is currently trading at a level of 49.3 and if it further rebounds above the 50 level, a further surge in the momentum of the crypto might be seen.
Summary
Dash crypto price sustains breakout levels, potentially signaling a reversal from its previous downtrend. Despite a year-long loss of 35.7%, recent price action saw a 17058% surge from its all-time low. With bullish technical indicators like a golden cross and MACD above zero, Dash may see further upward movement.
Technical Levels:
- Support levels: $24.50 and $31.00
- Resistance levels: $45.80 and $60.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.