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DASH Price Analysis: What to do as Dash Token Sustaining Bleow 200-DMA

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  • The current price of the DASH token is $159.12 with a percentage change of -2.05% in the last 24 hours. The fixture is as follows for Dash/BTC and Dash/ETH 0.004438 BTC and 0.0676 ETH respectively.
  • Gave a mixed start for the last five days with a high of 215.994 and a low of 154.787 with a change in percentage of nearly 3.50%
  • The intraday high for Sunday seems lesser than Saturday and the coin is showcasing a strong bearish momentum, while falls below vital moving average of 200 and 100-DMA

 

Although began with a change of -2.05% on Sunday, Dash token was just a normal start of the day for Dash coin. Currently, DASH coin is circulating below Fib’s golden ratio which is a great sign for traders and investors. The intraday high of the coin is 166.466 and the growth of 0.34% has been seen in one hour at the time of scripting. The last five days were bearish trends formed simultaneously and the trend was strong. Meanwhile, the coin is trading below all vital moving averages of 20, 50, 100 and 200-Day creating a strong bearish momentum. Once the closing of day candle above 200 and 20-Day SMA will built conidance for bulls. 

Relative Strength Index (BEARISH): DASH coin RSI is presently projecting no sign of recovery, gradual trading near the oversold region over the weekly chart. At the same time, trading at 38 levels.  

Moving Average Convergence Divergence (MIXED): Currently projecting a mixed trend over the weekly chart. The MACD shows the buyer’s signal line (green) and the seller’s line (red) are overlapping each other with no clear momentum.  

Support levels: $540 and $460


Resistance levels: $640 and $760. .

Conclusion: Dash coin is in outrage and a beginning for uptrend is expected. The RSI is at 47 and MA-21 is acting as a dynamic resistance and MA-9 either and so the coin is in a range bound but we can expect profits.