Dash Faces a Negative Trend; Short-term Remains Bearish
- Dash (DASH) vs. US Dollar was marked around 68.44 USD.
- BitGo, a custodian service provider, has announced staking in Dash recently.
- Gentarium is offering free hosting for all Dash MainNets (MNs) on its platform till the 3rd of November.
DASH to USD Price Comparison:
Let’s analyze the variation in the coin over a period of 25-days. On September 09, Dash was trading around 87.66 USD. However, today, the coin declined by a margin of 21.92%. In a similar way, the crypto dropped in the weekly trading duration, as well. Nonetheless, the decline was marginal that sums up to 3.16% from the level of 71.08 USD on September 29. Yesterday was also a slow day for coin where it broke down by 1.26% after opening at 70.94 USD. It finally closed the intraday trading at 70.04 USD.
There is an overall diminishing trend in the crypto space, and the movement of Dash is just an effect of it. For now, the immediate resistance is at 72.01 USD, and the support is at 67.88 USD.
At the current level, the crypto is showing signs of a further breakout. However, if another bottoming occurs, the investors will get an opportunity for earning huge margins. For investors who have already invested in, hold and wait for a plunge. The crypto space is expected to go bullish again soon. Read CryptoNewsZ’s Dash Price Prediction to find more details about the future price prediction of the Dash coin.