Dash Price Analysis – 5th December (DASH/USD)
Dash price traced a short-ranged price pathway as it opened on the 5th of December. It consolidated gains between the $50 and $51.50 ranges before it fell over a gentle slope to fall below $47.50 near 19:00 GMT.
Following this fall, the coin rose as it garnered some momentum to eventually close at the $50.00 value, as displayed in the chart above. The highest for the day was $51.64, which the coin reached at 13:05 GMT.
As shown by the full-featured chart above, the price hovered at a slight distance from the moving averages, which aims to show how the variation in the movement of price is significant. The 50-Day Simple Moving Average (SMA) closed at $49.09, whereas the 20-Day Exponential Moving Average (EMA) closed at $48.93. The closing price was 1.83% greater than the Simple Moving Average and 2.16% greater than the Exponential Moving Average.
The Relative Strength Index (RSI) closed at the 50.43 level, which shows that the value hovered around the mid-point upon the close. This shows the lack of movement on either end, i.e. the bulls and the bears.
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