Price Analysis

Dash Price Analysis: Bearish Trend Catches Hold On DASH Prices

eToro

Dash is run by Masternods and is an open-source currency. It is basically a form on Decentralized Autonomous Organization (DAO). Masternods approves and validates the transaction in Dash.

Much like all other altcoins, Dash coin is also suffering from blood rush and hence turned red. The coin is presently dealing around $145.735 at 7:25 UTC.

eToro Crypto

The astounding downfall is almost like a blow in the chest. Holding up its 14th position, the market capitalization is around USD1,286,301,743.

Dash Price Statistics:

dash price chart - 5 June

  • As on 5th June 2019, the price of Dash is noted as $145.735 at 07:25 UTC.
  • The 24-hour volume is 436,836,571 USD.
  • The circulating supply of Dash coin is 8,848,872 DASH.
  • An all-time high of Dash coin is marked on 20 Dec 2017 at $1642.22.

As per the chart of 5th June 2019, at 07:25 UTC from Trading View, the trend of Dash is bearish. The price started dropping steeply from 3rd June 2019. The fall was dominating the chart on 4th and continued till today. From 31st May till 2nd June, the price tried to be stable by maintaining the resistance level at $170 and support level at $150.

Dash Price Prediction & Comparison:

If we compare the price from yesterday’s high which as $156.11 with that of the current price, which is $145.735, a precise drop is reflected by 6%.

However, the YTD Dash price chart reflects a bullish trend which gives us hope that the DASH price will recover in the future. The Dash price at the beginning of the year was $79, and now the price has almost doubled itself.

Due to the current price crash, it would be astronomical to predict any future.

Conclusion:

The long term investors can definitely go with Dash but also keeping in mind the risk involved. For short term investors, it is the time to hold tight and wait for an upsurge.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button