02 December 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.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,453,409,548,401. The total trading volume stands at $50,287,917,384. Bitcoin shares 52.1 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $38,715.31 level after an upward movement of 2.71%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.95 percent reaching to $2,091.87 during the previous 24 hours.
While publishing this blog, BNB traded at $228.38, following a price change of 0.41% within the same time frame. XRP the native coin of XRP is up by 1.25 and currently trading at $0.61. Additionally, Solana reached $60.11 after seeing a uplift of 1.85% 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.
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 has recorded a upsurge, gaining 3.92% in last 24 hours. The current value of Dash is hovering at $30.26 with the trading volume of $49,994,520.00 USD in the same timeframe. The overall marketcap for DASH is $348,719,101.00 USD while the coin price changes 7.06% over the week.
DASH price analysis for 02 December 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.
|Simple Moving Average (10)||41.38||Sell|
|Exponential Moving Average (10)||41.41||Sell|
|Simple Moving Average (20)||41.60||Sell|
|Exponential Moving Average (20)||41.60||Sell|
|Simple Moving Average (50)||43.12||Sell|
|Exponential Moving Average (50)||43.06||Sell|
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. The Dash has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take DASH price below the crucial support level of $38.64.
There had been a positive trend for some time and it seems that the coin will continue it upward movement as long as it remains in the green area. You should only acquire crypto right now if you're prepared to book profit through short-term market moves.