DASH Price Analysis: DASH Crypto could drop to $ 160 in this downtrend

  • DASH coin price is currently experiencing bearish momentum on the daily chart that may lead it to the new low. It is currently recording a loss of more than 8% on the intraday session
  • DASH technical indicators suggest a strong downward momentum in price for the future. Meanwhile, the DASH / BTC pair posted a 1% loss on the intraday session

The DASH crypto price is currently seeing strong downward momentum that may take it to a new low. DASH price saw a loss of more than 9% in the intraday session. The asset has an ROI of more than 91000%, which has made various investor classes profitable for a very long time. DASH price, while in an uptrend, may encounter resistance near the $ 200 level. The bounceback range of the coin price is around $ 160. Dash coin price is trading below 50 and above 100 days moving average, with a negative crossover in the past. The 100MA line is near the $ 167 level making it a temporary support region for asset price. When the coin price drops below 100MA, a sharp downtrend can be seen to $ 160. The DASH / BTC pair can continue to see strong bearish momentum going forward.

The DASH-Coin CMC ranking along with market capitalization has seen a decline in the past few days. The volume of the coin has increased, but the market capitalization has seen a decrease in price. The asset must cover more than 70% of its current value in order to reach a new high in the future. The volume to market capitalization ratio of the DASH suggests a downward momentum going forward

DASH Crypto Prize Bears may take it to a new low

Source: trade view

DASH’s weekly technical chart suggests bearish price momentum for the future. The price of the asset has fallen more than 8% over the weekly timeframe. On the daily chart, the coin price sees a strong downtrend. If the coin price drops below the $ 160 mark, there is strong downward momentum to be seen going forward. The DASH / BTC pair may also see a decline to lower levels in the future

diploma

The DASH coin price is experiencing a downward momentum that may push it to a new low in the future. DASH / BTC pair can also test the support in the future

TECHNICAL LEVELS

Main Resistance: $ 200

Main grant: $ 160

Have this news sent to you personally via Telegram. Join our Telegram for related news and information on CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN ​​NEWS and Price Prediction

Comments are closed.