Dash coin’s current momentum seems to have completely weathered out. Over the last 24 hours, it has been dropped by 3.29% and touched $52.86. It is unlikely to find any strong fundamentals to support its growth in the upcoming days.
Dash Price Analysis:
Dash price was trading at $54.66 at the opening of the day, and over the next 1 hour, it marked a 4.13% hike and touched the peak of the day at $56.92. At 01:04 UTC, it started trading downwards, and over the next 16 hours, it lost $5.88 to find itself at $51.04. The next variation brought little relief to its traders. The downside movement stopped for a while and the DASH price rose by 3.63% to touch $52.89 by 02:40 UTC today. It should be noted that when Dash coin was trading with a downward movement between 01:04 and 17:22 UTC, there have been numerous instances of sudden price rises and falls.
Dash’s current price ($52.86) has managed decent leads over its 50 days MA ($52.53) and 20 days MA ($52.78). These leads are likely to push the price further by a good margin. However, no abrupt change toward gain is anticipated. The next halting point for Dash cryptocurrency may come at the resistance of $55.72. Investors are advised to be cautious of the few intraday ups and downs that may happen.