DASH is one of the coins which had an exponential rise in the soaring crypto market. The token is now holding a market cap of over $5.7 billion which is more than double as compared to $2 billion in the early November. The trade volume also increased. In the last 24 hours, the coin registered a trading volume of over $221 million.
- DASH/USD touched an all-new high this week at $810
- The token faced a stiff resistance at $770 most of the week but also had support at $730
- DASH/BTC pair depreciated 27 percent week-on-week and currently trading at 0.576 BTC
In the weekly chart, the token took a huge leap in the early week as it went from $610 to $731. But it took an instant dive until $634 mark acted as a pivot and pushed it up back again. In around 12 hours, the coin touched $810, an all-time high for it. Resistance at the peak resulted in a fall, but due to high demand, it went up again.
The token faced a stiff resistance above $770 to $790 the entire week. The token breached the first resistance level a couple of times, but the second one checked any further rise and also pushed the value down. The token also found support around $730.
In the daily chart, the support level at $730 could not hold the value, and the price dropped further. The token is currently trading at around $712 with a daily depreciation of 4.5 percent.
The oscillators are running bearish due to the recent drop in the prices. Stoch and RSI are below the overselling mark. This also indicated an exhaustion among the sellers and the price could go up again. MACD is running bearish below the axis. But 100 SMA is still above 200 SMA.
Against Bitcoin, Dash had a gradual decline throughout the week. The pair went down from 0.0793 BTC to 0.0576 BTC. This is a 27 percent depreciation over the week.Trade here
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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