Dash Price Analysis: Will DASH Surge to hit $42.99


  • The EMA(50) is currently at $43.06.
  • The $36.19 support level for DASH/USD is really strong.
  • Dash price analysis is bearish today.
  • DASH has its next resistance at $42.99.

04 February 2023 : 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 -1.84 percent, bringing the entire cryptocurrency market to $1,082,651,806,173. The total trading volume stands at $51,490,556,060. Bitcoin shares 41.6 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $23,361.02 level after a decline of -0.34%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1 percent reaching to $1,660.57 during the previous 24 hours.
While publishing this blog, BNB traded at $329.95, following a price change of 1.23% within the same time frame. XRP the native coin of XRP is down by -0.66 and currently trading at $0.41. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% 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 $42.99 Support Level 1 $38.64
Resistance Level 2 $44.89 Support Level 2 $36.19
Resistance Level 3 $47.34 Support Level 3 $34.29

Dash Performance

DASH has recorded a downtrend, losing -0.27% in last 24 hours. The current value of Dash is hovering at $61.47 with the trading volume of $92,559,518.00 USD in the same timeframe. The overall marketcap for DASH is $683,629,539.00 USD while the coin price changes 19.78% over the week.

Dash Price Analysis

DASH price analysis for 04 February 2023 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) 41.38 Buy
Exponential Moving Average (10) 41.41 Buy
Simple Moving Average (20) 41.60 Buy
Exponential Moving Average (20) 41.60 Buy
Simple Moving Average (50) 43.12 Buy
Exponential Moving Average (50) 43.06 Buy

The relative Strength Index (RSI) indicates that the DASH coin is in consolidation zone, as RSI is at 44. The MACD line is standing below of the signal line after a crossover. Dash investors need to wait for any directional change over the daily chart. While DASH’s Williams %R indicator is at -35.926 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.

Conclusions

Dash has few recovery chances and might continue testing immediate resistance level of $42.99 in the coming days. While the gradual bullish movement in the overall cryptocurrency space can keep DASH investors hopeful.