Dash price: Falls to $60

Over the past twenty-four hours, Dash price has lost over 3.86% of its profits. The coin has undergone several swings in price, ranging from $64.5 to $58.9. After losing over $4.5, it closed at the $60 mark on the 22nd.  

Dash Price Analysis – 21st November (DASH/USD)

Dash Price Analysis Nov 21 Chart 1

Dash Price Chart by Trading View

Although the first few minutes of the 21st when Dash opened at $63.31, there seemed to be a minor surge upwards, it did not last long. Upon reaching the $64.49 mark at 02:00 GMT, the coin traced a path that pointed downwards to the $60 mark. It reached its lowest value of $58.90 at around 15:05 GMT. However, after this point, a hike of 3.44 percent added another $2.03 to this bearish value to allow the coin to close at the level of $60.91. 

Technical Indicators

Dash Price Analysis Nov 21 Chart 2

Dash Price Chart by Trading View

Indicated by the graph above, significant falls in price were coupled with substantial selling volumes on the 21st. The price was seen falling down a sloping path. The Relative Strength Index (RSI) closed at 46.11, which proves the bearish momentum that the price had garnered as the day had progressed.

However, on the 20th, the market capitalization for the coin was $ 554.8 million; this value has increased to $557.1 over the 21st. The prevailing price of Dash is traveling 0.8% and 0.5% higher when compared to the 100-Day and 50-Day moving averages, respectively.  These prices were noted to be $60.3 (100-D) and $60.5 (50-D).

Featured Image Background by Chris Barbalis