AltcoinPrice Analysis

Dash (DASH): Price Analysis, Jan.09

Dash Price Analysis – DASH/USD


The 15th largest cryptocurrency – Dash with its current market cap stands at the level of USD 711,856,421 (11:20 UTC) on January 09 experienced a dip in current value by 50.47% relative to the level of November 06 as analyzed from the graph above. Let us not forget that the major causes for the decline in value were supposedly dut to the strong bearish pressure, and of course the competitive forces from around the world.

The DASH/USD pair increased in value by 40.12% relative to December 14 which can be analyzed from the graph above. The beginning of the new year may be poised to offer the friendly environments concerning regulations and transparent governance which may reflect in the value of altcoins. While the DASH/USD pair remained ‘uptrend’ from December 19 to December 26 as interpreted from the graph above which signifies the bullish trend.

As we can interpret from the graph above that both the moving averages have declined to represent ‘downward’ pressure in value thereby creating the ‘downtrend’ which is a negative sign. With this, DASH shows that the bears have the upper hands as the DASH/USD pair remains in bearish trends for some time until the next “uptrend” takes place. Those who would like to invest into this cryptocurrency may explore to create long position the moment ‘uptrend’ takes place and remained for some time.

Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The DASH remained range bound from October 12 to November 03 last year, as the cryptocurrency rallied from a low of $156 to a high of $172 which is a 10.26 percent minimal return within 22 days. However, this altcoin had offered the tremendous return from August 14 to September 01 last year which can best be analyzed from the graph above.

Besides this, the DASH experienced ‘descending bottom’ from November 13 to December 16 which can be analyzed from the graph above. However, it started raising in value since then and created a bullish pattern!

Even though the moving averages continue to fall, the 14-day RSI formed a “positive divergence” from December 6 to December 15 last year which can be analyzed from the graph above.

Let us elaborate more about this altcoin –

Dash is Digital Cash You Can Spend Anywhere having a variety of valued added services namely – InstantSend payments confirm in less than a second. It protects your financial details where PrivateSend ensures your activity history and balance are private. Additionally, it secures the entire transaction and executes it transparently.

Amid this, Dash’s core competence is a unique fully-incentivized peer-to-peer network where Miners are rewarded for securing the blockchain and master nodes are rewarded for validating, storing and serving the blockchain to users. With this, Masternodes represent a new layer of network servers that work in highly secure clusters called quorums to provide a variety of decentralized services, like instant transactions, privacy, and governance, while eliminating the threat of low-cost network attacks!

Let me walk you through the Price (BTC), and Market Cap of this altcoin traded through CoinMarketCap as follows:


As we can quickly analyze from the graph above that the MCap stands at MCap 711,762,404 USD, (11:22 UTC) with the blue trend line, and Price (BTC) 0.02049156 through orange trend line with 24h Volume 101,066,848 USD (11:22 UTC) can be interpreted from the graph above. Since MCap and Price (BTC) traded with the YTD analytics, the highest Market cap and Price (BTC) traded on January 07 as analyzed from the graph above. Since then it dropped in value till today, and again it started experiencing the upward moments towards both – Price & Market Cap as interpreted from the graph above.

As we can estimate from the first graph, if bulls succeed in rising and sustaining above the current resistance level $84.61 (11:38 UTC) and create “uptrend” in value (i.e., traded above the EMA) the investors will start buying this currency more and more thereby increasing its value. It seems that this altcoin will soon start trading beyond the 20-day EMA thereby creating the bullish pattern and may remain for some time. However, based on the current trend, the next support level could be $87.

Please feel free to visit https://www.dash.org/ to know more about this cryptocurrency!

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Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a!! You can also mail him at [email protected] to discuss anything related to his reports.

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