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Dash Price Analysis: DASH/USD is bearish for the next 24 hours

Terra Price Analysis

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 price is sinking today, as it has each day and hourly analysis of the Dash price is negative because the value has fallen today. The previous week was extremely favorable to the bears as the value plummeted to incredible levels.

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

The bearish momentum in the cryptocurrency market has increased, resulting in a drop in price for one day. As a result of the fall, the price has arrived at $162, which is where it began.

As of the time of writing, the moving average (MA) is at a higher level, resting at $174.6. Because to the decline, the short-term trending line is also moving in the downward direction.

The reaction to the spike in price caused by Bitcoin Cash‘s fork has been positive, and the volatility has decreased, which is good news for future trends. As well, due to this, the Bollinger band values have altered; now the upper value is set at 223.2 and the lower value is fixed at $156. The Relative Strength Index (RSI) score has moved into an area where it is underbought, with a value of 37.3 as of publication.

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

The 4-hour Dash price analysis reveals that the bulls are attempting to retake the stage after a lengthy losing streak. The price has advanced to $162 as a result of the strong bullish momentum in the previous four hours.Dash price analysis: DASH/USD loses momentum near $156 support 2DASH/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.

Although the price has increased in the last 4 hours, the overall trend for today has been bearish. The price leveled off at $144.8 and continued to sink, falling as low as $157 earlier today.

The drop was not hindered by any significant market forces, which means that there is no fundamental information or event that has influenced the Dash price. This means that interest may be waning for Dash because it lacks a driving force that would attract new investors and users. However, as we will later see in this article, Dash’s future may soon change with an upcoming announcement by Core Team.

As mentioned before, there is support present at $155.8, which is a key level to watch. A break below this support could result in a further drop in price to $135 or even lower. However, should the bulls retake control, we could see a reversal and an increase back to $180 or higher.

In order to provide a more in-depth analysis, we will now take a look at the technical indicators and see how they are aligned.

The MACD indicator is in negative territory and shows that the bears are still in control of the market. The RSI is also signaling oversold conditions and has dropped down to 30%. This means that there is significant selling pressure present and that the market may continue to decline.

Dash Price Analysis: Conclusion

The one-day and four-hour Dash price analysis, on the other hand, shows a downtrend as the bulls have been in control for the previous week. Today’s drop, as well as today’s movement down towards $162, are evidence of that.

The DASH/USD price has recovered in the last 4 hours, but the overall trend continues to be bearish. If the $156 support is maintained, there’s a possibility for an improvement.

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.
Mary Brenda

Mary Brenda

I'm a content marketer with interests in emerging niche including Blockchain, Cryptocurrency, Esports, Video games and other tech. I've previous worked with a variety of clients, such as ASUS ROG, BitcoinBink, ESL India, OMEN by HP, Red Bull and more.

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