The overall sluggish market has not spared any coin. Dash coin price has been down by almost 40% over the last 30 days. Its value has been slipped from $105 to $64 in this period. However, from the last few days, the trend spotted some improvement, and it may see a strong recovery soon.
Dash Price Analysis
If we look at the price trend of DASH coin from the beginning of the ongoing year, it faced heavy fluctuations as in January, the coin was trading under the strong bullish influence. And then, after February 15, the currency started downward correction. On February 20, the coin was being traded at $105.32, and over the next seven days, it got compressed by 22.53% fall and touched $81.59. It was followed by another stint of price depression that cost 59.26% drop, and the price was confined below $40 by March 13.
However, since that day, Dash coin is on a gaining spree. Yesterday, the value was shot up by a massive 81.73%, and it could go as high as $69.59 in the upcoming hours. Dash’s MACD line has been trending much below the signal line, but it is likely to overlap soon. The current price of the currency is 1.20% and 8.74% more than the 20 days & 50 days MA. As per Dash predictions, There may be a few bullish spikes in the coming few hours. The next resistance seems imminent at $71.16.
Resistance and Support Levels
R1: $71.16, R2: $76.48 and R3: $84.06
S1: $58.26, S2: $50.68 and S3: $45.36
