Price Analysis

Dash Reclaims 30-day High and Tracks Bullish Cues

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Today, DASH was seen trading above $70, and with a complete bullish sentiment in the market, the coin is reclaiming monthly height. Just around the time of writing, Dash slid from the height of $76 in the intraday, facing moderate volatility. The YTD movement of the coin is seen drawing a bearish sentiment against the YTD high hit in the initial months of the ongoing year.

DASH/USD pulled below $45 during the major market crash in March, and after that, the coin could only manage to rise as high as $101 In August 2020. However, over the past 2-month, Dash price has been drawing a significant downtrend with intermittent rise and dips in the past ten weeks.

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The current bullish divergence of Dash is due to current market sentiment wherein Bitcoin is also seen trading above $11k for the 3rd day straight against the greenback.

Dash Price Analysis

Dash Price News
DASH/USD Chart By TradingView

At the press time, the Dash coin was seen trading at $71 after an intraday price dip below $75. It drew an extended downtrend against the US Dollar over the past ten weeks, and therefore, the coin is retaining complete support from 50-day and 200-day daily MA at $70 & $67, respectively.

With the bullish intraday move, DASH is seen breaching the upper Bollinger Band on the above 4-hourly chart. The intraday movement is tracking a positive cue for Dash coin after dropping as low as $64 in the previous month.

Dash, from the 2-month low, marked at $64, has strengthened by over 10% until the current trading price. The MACD indicator depicts a bullish divergence, and the RSI is also inclined towards the overbought zone and is lying at 59.64.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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