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Dash price analysis: DASH/USD loses momentum near $156 support

Dash price analysis Price travels low as recent downturn takes it near support

TL;DR Breakdown

  • The Dash price analysis shows, bears have been leading the market.
  • Price levels have dropped down to $162 today.
  • Support is present at the $155.8 level.

The daily and hourlyDash price analysis is going in the bearish direction today as the price has undergone decline today as well. The past week has been highly supportive towards the bears as the price decreased to great levels.

Today, the same trend is following as the price has lowered down to the $162 level. Although the price has increased in the last 4-hours, the overall trend for the day has been bearish in nature.

DASH/USD 1-day price chart: Cryptocurrency downgrades again as bears repress price below $174

The 1-day Dash price analysis is showing a decline in price as the bearish momentum has increased. The price is following the downward movement and has currently reached the $162 position as a result of the downfall.

The moving average (MA) is at a relatively higher position as it present at the $174.6 level at the time of writing. The short-term trending line is also moving in the descending direction because of the downtrend.

Dash price analysis: DASH/USD loses momentum near $156 support 1
DASH/USD 1-day price chart. Source: TradingView

The volatility has decreased which should be taken as a piece of positive news regarding the future trends. The Bollinger band values have changed as a result as well, as now the upper value is present at 223.2 and the lower value is present at $156. The Relative Strength Index (RSI) score is moving towards the underbought range as well as it is 37.3 at the time of writing.

Dash price analysis: DASH finds recovery above $161 as bulls strike back

The 4-hours Dash price analysis is showing that the bulls are trying to make a comeback after a prolonged defeat. The price has moved up to the $162 level as the bullish momentum has increased vividly in the last 4 hours.

The SMA 20 curve is going higher as well because of the sudden improvement in price. Moreover, other important values in the 4-hours chart are the moving average at $163 and the Bollinger bands average at $187.

Dash price analysis: DASH/USD loses momentum near $156 support 2
DASH/USD 4-hours price chart. Source: TradingView

The volatility has increased during the last 4-hours as well which is usually taken as a negative signal. As a result, the upper Bollinger band value has readjusted to $187 and the lower value has changed to $151.6 as well. The RSI score has moved up to 42.5 as well because of the rise in price.

Dash price analysis: DASH/USD loses momentum near $156 support 3
DASH/USD technical indicators chart. Source: TradingView

The overall trend that has been observed throughout the day has been bearish as the technical indicators chart is confirming as well. There is a strong selling signal on display as there are 16 indicators on the selling position, nine on the neutral, and only one on the buying position.

The moving averages indicator is also favoring giving a selling signal as the market has been dominated by the bears since last week. There are a total of 14 indicators standing at the selling position, with only one at the neutral and zero at the buying positions.

The Oscillators are going neutral as there are eight oscillators on the neutral position, whilst two oscillators are on the selling and one on the buying levels.

Dash price analysis conclusion

The given 1-day and 4-hours Dash price analysis is confirming a downtrend as the bears have been at the lead throughout the past week. The price has undergone a decline today as well as it has now moved down towards the $162 level.

Although the DASH/USD price value has seen a recovery in the last 4-hours, the overall trend has been bearish. If the support stays at the $156 level, further chances of improvement might resurface.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Arnold Kirimi

Arnold Kirimi

Arnold is a crypto and blockchain enthusiast. A communications expert with interest in hard-hitting journalism, he is always on the hunt for the latest events in the cryptocurrency world. He is inspired by what Bill Gates said, “Bitcoin is a technological tour de force.”

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