The entire market has been suffering from volatility from the past few weeks. Some coins have improved from the opening of the ongoing month, and some haven’t. Dash comprises in the former group of coins as it reflecting uptrend in the price as well as the Market Cap.
On November 01, Dash was dealing at $72 with a market cap at $658,257,776. Today, the price is noted as $74.06, with a market cap of $678,545,541. The improvement is visible, and if same remains intact then the losses incurred in the past few months would also recover very soon.
Dash Price Analysis:
Yesterday, the coin started with a moderate fall, which increased later and registered a 2.74% drop. The counters switched from $73.211 to $71.194. Later, Dash price improved and jumped to $74.274. The progression marked was 4.31%. DASH coin closed the day at $73 .947 with an overall intraday price progression of 0.99%. Today, the opening hours reflected an uptrend. The price went up to $75.065 by 1.51%. However, the coin has recently fallen to $73.95.
Dash opened the day very impressively. However, due to market volatility, the DASH coin price dropped to $74.06. The uptrend in the coin gave some hope to the traders as it went near to the immediate resistance level at $75.24. Well, the recent drop is taking the coin towards the immediate support of $72.81. If the momentum remained intact, then Dash coin can slip to the next support level at $71.25.
Dash is usually recommended to long-term traders. However, keeping in mind the current fluctuation, we would suggest the traders to stay put and wait for a recovery. The same would help them in locking a considerable profit in return.