Dash price, as per the ongoing (but faltering) market volatility, succumbed to the bears for yet another day to fall to the trading zone above $55. It majorly remained below the $57 mark after the fall from its opening values on the 22nd of November.
Dash Price Analysis – 22nd November (DASH/USD)
As shown above, in the price chart, the price of Dash majorly hovered above the average (baseline) value of $54.89. Overall, the price fell downwards through a smooth and gradual gradient. The highest amount was reached rather early during the day at 08:05 GMT. This value was noted to be around $60.98.
On the other hand, the lowest value for the day fell below the benchmark substantially at 14:09 GMT. This value was noted to be around $53.13. The price was able to surge slightly and continued a low-gradient line to close at $55.32. The coin opened at the $60.14 mark.
The trading price majorly hovered around the moving averages. The price only showed significant deviation during the 15:00-16:30 GMT timeframe. The 50-Day Simple Moving Average (SMA) closed at $55.26, with the 20-Day Exponential Moving Average (EMA) closing at $55.44.
The Relative Strength Index (RSI) closed at the 53.20 mark which majorly tilts towards the bullish angle. The end of the day also showcased a bulk of raised selling volumes.
The current price is down by -19.55 percent in comparison to the last seven days and -21.53 percent in contrast to the previous thirty days. Furthermore, the long-term sentiment, as provided by TheTIE.io, showcases a total of 26.17 percent.
Featured Image Background by Bhavyesh Acharya