DASH Price Analysis: DASH Crypto May Fall To The $160 In This Downtrend

• DASH coin price is currently seeing a bearish momentum on the daily chart which can lead it to the new low . It is currently seeing a loss of more than 8% in the intraday session
• Technical indicators of DASH suggest a strong downside momentum in price for the future. Meanwhile, DASH/BTC pair has seen a loss of 1% in the intraday session

DASH crypto price is currently observing a strong downside momentum which can lead it to a new low. DASH price has observed a loss of more than 9% in the intraday session. The asset has an ROI of more than 91000%, which has made various classes of investors profitable for a very long time. DASH price, while going in an upside trend may face the resistance near the value of $200. The bounceback region in the coin price can be seen around $160. Dash coin price is trading below 50 and  above100 Days Moving Average, with a negative  crossover in the past.  The 100MA line is near the level of $167,making it a temporary support  region for the asset price. If the coin price goes below the 100MA then a strong downtrend till $160 can be seen. DASH/BTC pair can also observe a strong downside momentum in the future. 

DASH coin CMC ranking along with the market cap has observed a decline in the past few days. The volume of the coin has seen a surge but the market cap has seen a decline in the price. The asset has to cover more than 70% of the current value to reach a new high in the future. The volume to market capitalization ratio of the DASH suggests a downside momentum for the future

DASH Crypto Price Bears May Push It To A New Low 

The weekly technical chart of DASH suggests a bearish momentum in price for the future. The price of the asset is down by more than 8% in the weekly time frame. On the daily chart the coin price is seeing a strong bearish trend. If the coin price breaks below the $160 level then a strong bearish momentum can be seen in future. DASH/BTC pair can also see a break down to lower level in the future

Conclusion

DASH coin price is seeing a downside momentum which can push it to a new low in the future. DASH/BTC pair can also test the support in the future

TECHNICAL LEVELS

Major Resistance:$200

Major Support:$160

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