DASH price analysis: The DASH coin price shows a bearish reversal on the 4-hour chart

  • The DASH coin chart shows a lower high formation level on the daily chart.
  • The DASH / BTC pair is trading at 0.003428 BTC, down 0.84%.
  • The 24-hour volume for DASH coins is $ 288 billion, indicating a 30% decrease.

The DASH coin price action shows an extremely higher price rejection in the 4-hour chart. As a result, the price will drop back near the $ 215 mark. Therefore, traders need to keep an eye on the price chart to see if the support zone is fallout.

DASH price is showing weakness in the current uptrend, with its price trading higher than some of the crucial 50, 100 and 200 EMAs. However, the price is returning to the 50-day EMA, the consequences of which will exacerbate downward pressure.

The coin price shows a higher price rejection; however, the pivot points indicate support levels at $ 205 and $ 195

mark when price is being traced. On the flip side, the resistor values ​​are $ 225 and $ 238, respectively.

Is this the right time to start selling DASH coins?

As mentioned earlier, the price of the DASH coin is going down due to the bearish reversal. A bearish candle formation was recently observed, suggesting the coin price is poised to break below the USD 215 mark. The underlying selling pressure is therefore increasing.

At the time of going to press, the price of the coin is $ 2.18. The value has decreased by 0.16% in the last 24 hours. DASH’s intraday trading volume was also down%.

When the slope falls below the midline, the RSI indicator is showing an increase in the underlying bear market. The price movement also deviates from the slope. The RSI indicator therefore gives a sell sign.

MACD indicators are showing on the 4-hour chart that the MACD line is moving down and the signal line is moving up. These lines are in bearish alignment. This creates a neutral sign.

Diploma: From a technical point of view, the DASH coin has a higher price rejection, which is reflected in the lower higher education on the 4-hour chart. And on the 4-hour chart, the price action forms a descending triangle. Hence, if the breakout occurs, traders can be given a selling opportunity.

support – $ 205 and $ 195

resistance – $ 225 and $ 238

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