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•DASH/USD is currently priced at $45.60 and has increased by 1.59% over the past day
•The trading volumes have decreased by 13.09% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: Will the Dash Coin bears foray into the territory?
The Dash price today is $45.60 USD with a 24-hour trading volume of $80,839,629 USD. Dash coin is up 1.59% in the last 24 hours. The trading volumes have decreased slightly over the past day whereas the Volume to Market Cap Ratio stands at 0.1613 for the altcoin.
As the cryptocurrency markets take a breather to conclude the hectic weekend, Dash Coin has remained true to its upward trajectory. The uptrend is in full flow, as is demonstrated by the Dash Price currently transacting above the 20,50 SMA on the four hour chart. Moreover, both the short term moving averages have moved above the 200 SMA on the chart, which consolidates the bullish premise. If the bulls are able to continue in the rich vein of form, they could scale the $50 resistance level in the coming days. On the flip side, a move below the $40 support level would bring the Dash Coin bears back into the play.
Long Term View for Dash Price
The RSI for Dash Coin is currently trading in a position of strength and sits handsomely at 65.45, on course to breach the overbought territory. The bullish momentum is in full flow as is demonstrated by the big green bars on the daily chart. The MACD and signal lines are transacting in the positive territory as well and show no signs of slowing down.
Conclusion
Due to the continued efforts of Dash Coin bulls, the asset retains a sense of aura which hasn’t dimmed because of a few relatively inactive days. Dash price is on an ascending path and bears will need to come out in full force if they are to halt the uptrend.
Support: $40
Resistance: $50
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.