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Dash Price Prediction: 20-EMA Acting as a Support, What’s Next?

source-logo  thecoinrepublic.com 26 June 2023 16:09, UTC

Dash price prediction indicates that DASH crypto is trying to sustain itself at the current level to retest the resistance level. DASH crypto needs to gather more support to surge and initiate its recovery phase. However, sellers are approaching short the market for DASH crypto over the daily time frame chart.

Dash price was at $35.04 and lost 1.16% of its market capitalization during the day trading session. Trading volume decreased by 18% during the intraday trading session. This demonstrates that sellers are trying to reverse the trend to pull DASH crypto prices. The volume-to-market cap ratio was at 0.0836.

Will DASH Sustain or Get Detained?

Dash Price Prediction: 20-EMA Acting as a Support, What’s Next?
Source: DASH/USD by TradingView

Dash price prediction highlights the fall of the DASH token from the upper level over the daily time frame chart. Meanwhile, the volume change is below average and needs to grow for DASH to surge. Dash crypto price has gained around 16.01% in a week.

Technical indicators suggest the decline of DASH crypto over the daily time frame chart. The relative strength index showcases the downtrend momentum of DASH crypto. RSI was at 48 and is heading towards the oversold territory.

MACD on the other hand, exhibits the uptrend momentum of DASH crypto. The MACD line is above the signal line after a positive crossover. Investors in DASH crypto need to wait for any directional change over the daily time frame chart.

Summary

Dash price prediction indicates that DASH crypto is trying to sustain itself at the current level to retest the resistance level. Meanwhile, the volume change is below average and needs to grow for DASH to surge. Technical indicators suggest the decline of DASH crypto over the daily time frame chart. Investors in DASH crypto need to wait for any directional change over the daily time frame chart.

Technical Levels

  • Resistance Levels: $35.78 and $37.03
  • Support Levels: $32.80 and $30.00
Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

thecoinrepublic.com