Dash Price Analysis: DASH Plunge -0.09%, How Low Will It Drop?


  • Dash’s EMA(10) shows a downward trend.
  • DASH faces resistance at $42.80.
  • DASH price flashes signs of bearishness on 7-days price chart.
  • Current Dash Price is 40.76 dollars

03 October 2022 : In this article we will walk you through Dash price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Dash, Is DASH a good investment? Dash support & resistance levels etc. But before diving deep into the DASH technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $936,642,515,083. The total trading volume stands at $53,583,320,840. Bitcoin shares 39.69 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,389.79 level after an upward movement of 0.96%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.54 percent reaching to $1,317.86 during the previous 24 hours.
While publishing this blog, BNB traded at $287.12, following a price change of 1.38% within the same time frame. XRP the native coin of XRP is down by -1.87 and currently trading at $0.45. Additionally, Cardano reached $0.42 after seeing a decline of -0.04% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Dash Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Dash (DASH)

DASH Resistance Levels DASH Support Levels
Resistance Level 1 $42.80 Support Level 1 $40.29
Resistance Level 2 $43.87 Support Level 2 $38.85
Resistance Level 3 $45.31 Support Level 3 $37.78

Dash Performance

According to Price Analysis Market Index, Dash (DASH) is trading at $40.76 with a trading volume of $65,400,396.00. However,DASH has a price decline of -0.09% in the last 24 hours.DASH price changes -1.59% over the week with a total market capitalization of $446,030,281.00 USD.

Dash Price Analysis

DASH price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Dash.

Moving Averages Price Indicator
Simple Moving Average (10) 41.70 Sell
Exponential Moving Average (10) 41.70 Sell
Simple Moving Average (20) 42.11 Sell
Exponential Moving Average (20) 42.07 Sell
Simple Moving Average (50) 45.65 Sell
Exponential Moving Average (50) 45.49 Sell

As per the price analysis, the DASH price may find support at these crucial levels of $40.29, $38.85, moving below these levels might bring the price to $37.78. on the other side, the resistance levels are at $42.80 and $43.87. A bullish breakout from the above levels may lead the price to the $45.31. While DASH’s Williams %R indicator is at -32.143 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing above of the signal line after a positive crossover. Dash investors need to wait for any directional change over the daily chart. RSI implying near overbought phase while trading at 60 and is trying to break out of the neutrality zone.

Conclusions

Dash is now experiencing a significant bearish trend, this does not necessarily imply that the cryptocurrency is in any type of precarious situation that cannot be rectified. Even if the price is falling steadily, it is anticipated that the two support levels will serve as strong barriers and cause the trend line to rebound back into the positive zone.