Dash price has been under the influence of the bears for the past week. The coin has been losing its price gains since the 11th of November, and it has still failed to hold above or approach any resistance marks.
Dash Coin is currently the 22nd largest crypto-asset with a market value of around $626 million. The DASH/USD pair is hovering around $67.6, thus falling by four percent on a week-to-week basis. It has an average day-to-day trading volume of about $330 million.
Dash Price Analysis – 18th November (DASH/USD)
Dash Price Chart by Trading View
Indicated by the graph above, the price of the coin fell steeply around 18:32 GMT to a value of $62.9, finding support here. It then proceeded to move ever-so-slightly near its baseline value of $63.50. The entire market succumbed to the bearish take-over as the 19th of November swept in. The highest for the day was a value of $68.23, which was only reached early during the day. The charts have shown declining values since.
Technical Indicators
Dash Price Chart by Trading View
The Relative Strength Index (RSI) mirrored both the momentum and price movement as it closed on the 19th. With the price closing at $63.95, the RSI closed at 13.30 which proves the bearish nature of the advancements. The momentum, similarly, closed at a negative value of -1.91.
The 50-Day Simple Moving Average (SMA) and the 20-Day Exponential Moving Average (EMA) both closed above the price level at $66.18 and $65.37, respectively. Therefore, the price fell below the averages as it closed on the 19th.
Featured Image Background by Francisco Moreno
