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DASH price succumbs to the bears

DASH Coin Price Analysis 1

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TL;DR

In light of recent market activities, the Dash price seemed to be headed in the right direction. However, the price fell below the baseline once more in what appears to be a series of ups and downs throughout this month. 

1-Day DASH Price Chart (DASH/USD)

Dash Price Analysis Graph 1

Dash Price Chart by Trading View

As showcased by the graph above, Dash seemed to have taken the road south, with only one up-turn, which led to the increase into the 11th of November; after this, another fall is seen. The baseline is set at $70.3, which, compared to the beginning of the month, is quite a regression. However, this speaks true for the entire crypto-market owed to the volatility it does not cease to undergo. The price of Dash fluctuated between $69.60 and $71.10, with a fall to $69.14 and a surge to $72.12.

Technical Indicators

Dash Price Analysis Graph 2

Dash Price Chart by Trading View

With the majority of trade focusing itself in the red zone beneath the baseline, circumstances are not deemed as great for Dash. Nevertheless, the falls of the 10th morphed into substantial advances of the 11th.

The price of Dash closed at $71.3 on the 10th to follow a somewhat stagnant path into the next day.

The 50-day Simple Moving Average (SMA) and the 20-day Exponential Moving Average (EMA) moved in unison with the price patterns, each closing at $70.49 and $70.79, respectively.

Market capitalization ranged between $ 636.53M and $ 650.30M, with a min/max of $ 636.53M and $ 650.30M, respectively.

Trading volume ranged between $ 347.74M and $ 459.65M, with a seven-day moving average of $ 441.66M.

Featured Image by Flickr

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Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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