Dash price analysis: down by 0.3%

dash price analysis 2

Compared to the day prior, Dash price has consolidated gains at a lower price. This shows that movement has slowed down, giving way to the bears to climb upwards in case Dash is unable to surge to its expected resistance levels. 

1-Day Dash Price Analysis (DASH/USD)

dash price chart 1

Dash Price Chart by Trading View

The coin opened at $68.35 and closed at $68.14. As the graph showcases, there has been a volatile movement majorly at the price marks between $68.35 and $68.50, with a calculated low of $67.24 and a high of $68.40. With a trading volume totaling to $172,944, the currency has not been performing too well this week. The graph pattern above also showcases the inability of either the bears or the bulls to pull through, and the price remains hovering around marks away from the moving averages.

Technical Indicators

dash price chart 2

Dash Price Chart by Trading View

From the graph above, the 20-day Exponential Moving Average (EMA) closed at $67.90, whereas the 50-day Simple Moving Average (SMA) closed at $67.87. Each moving average traced a path close to the price movement and each other.

The Relative Strength Index majorly remained to hover below the 50-mark, which displays its bearish tendencies. Similarly, it closed at 47.87, proving the inactivity of the bulls at that time.

The next resistance marks are expected to be at $68.61, $69.09, and $69.77. Similarly, support is expected to level off at $67.45, $66.77, and $66.29.

Featured Image Background by Diego PH 

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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