Dash price: Below $53.51

Dash price has consolidated gains over a higher price when compared to the movement which occurred in the first week of December. However, the coin remained trading beneath the $53.51 level over the last two days. 

Dash Price Analysis – 6th & 7th December (DASH/USD)

Dash Price Analysis Dec 6 & 7 Chart 1

Dash Price Chart by Trading View

As shown by the graph above, the Dash price surged steeply in price from the 6th to the 7th of December. After this, although the price fell over a small amount, it did not differ significantly.

The lowest price was reached on the 6th of December where the coin fell over the $48.06 range rather early into the initiation of the 6th at 00:45 GMT. With minor surges in both directions, the currency traced a path that proved itself to be positively inclined. The highest was reached at  10:15 GMT to consolidate over the $53.51 level. The price ultimately closed at $51.93. 

Technical Indicators

Dash price: Below $53.51 1

Dash Price Chart by Trading View

Indicated by the full-featured chart provided, the price of Dash majorly hovered close to the daily moving averages. The proves that the volatility in price over the short and medium terms has subsided. As shown above, the 50-Day Simple Moving Average (SMA) closed at $51.99 whereas the 20-Day Exponential Moving Average (EMA) closed at $51.95.

The Relative Strength Index (RSI) closed at 48.55, but its apex at 75.56 (on the 6th) showcases strong bullish movement and thus, overbought shares. On the other hand, shares were oversold on the same day at 14:40 GMT to reach 25.17.

Featured Image Background by Dan Gold