Dash price has showcased a bearish run over the course of the 8th as it fell from its opening highs of $53.01 to land at the $51.60 lows.
Dash Price Analysis – 8th December (DASH/USD)
It can be seen from the graph presented above that after reaching a high of $53.01 at 04:35 GMT, the cryptocurrency travelled across a comparatively bearish pathway. With only minor surges upwards, the bullish regression is prevalent on the curve.
The price of Dash attained the same lows twice in a single day. It reached $51.60 at 06:50 GMT as well as 14:20 GMT. After this decline, the digital asset was only able to surge by 1.38 percent to attain the subsequent highest at $52.32. It fell below this value to close at the $51.89 mark.
As the curve on the full-featured chart above shows, the price of Dash has differed significantly from the moving averages. This aims to show that the coin has been unable to stabilise over the short and medium-terms. This is highly unfavourable for the asset as it raises concerns in terms of volatility in the price.
The 50-Day Simple Moving Average closed at $52.13, whereas the 20-Day Exponential Moving Average closed at $52.04. These values were 0.46 percent and 0.28 percent higher than the day’s closing value.
The Relative Strength Index (RSI) closed at 43.09 with no significant trading volumes at the time of the close.
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