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Price Analysis

Dash (DASH) Price Analysis: Dash To Dazzle And Double in 2019 with a 91% Rise in last 3 Months

Marubozu candle formed by Dash this week is indicating a strong uptrend movement.

A rise of 55.38 % within 10 trading days from May 10 at 110.63 to 171.90 a three month high on May 20  shows good old days back for Dash.

Till March 26 for Dash, it was range-bound trading from the year low of 58.27 to 90 USD. Once it cut 90 USD resistance on March, it was to form the new three months high of 171.90. It is a rise of 91%. It is a rare feat for Dash to participate in the bull run of 2019. Its robust fundamental and technical features will take it to the minimum level of 346.97, which is its year high. A 91 % rise within 3 months shows the potential of Dash to reach any level in the future. With Zero pre-mine coins using 11 rounds of hashtag algorithms and with its current design which restricts only 22 million of Dash to be ever created, is all in favor of Dash.

 24 May Price Statistics of Dash at 12:44 UTC:

Dash Chart

Ranking in cryptocurrency list of Coinmarketcap14
Return of Investment (ROI)>9000 %
Total Circulation8,823,052 Dash
Market Cap in USD1,381,588,183
Current Price in USD156.59
Current Price in BTC0.01984464
24 hours traded volume412,850,079
25 days price change45.44 %

24th May price movements of Dash:

Opening at 151.04 it went to the day’s high of 157.62 at 7.14 UTC. At the time of the high of the day, the volume increased more than the average volume of the day. It is 4.35 % rise which shows the bullishness in today’s trading.  From its yesterday’s close of 154.48, it is trading currently at 1.43 % higher. From the day’s low of 150.88, it has gone to 157.62 day’s high and trading close to its day high. Hence one can expect for the rest of the day to trade in green and close near the 160 USD levels.

Value comparison of Dash:

Though the first 2 months of 2019 saw a range bound trading, March and May brought cheers to the Dash investors. The more than 91 % jump from March to the current price shows strong bullish signals for it to continue the bull run. Now it is consolidating at its 3 month’s high. After the current correction is over and crosses the three month high of 171.90, it is set to cross the year high.

Conclusion:

Investors can take a clue from Dash to cross the steep rise to the three months of high of 171.90.  Once it decisively crosses this level with higher volumes of trade, it is a sure buy for long and short term investments. It could reach a minimum level of its year high 346.97 by the end of 2019 or before.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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