Dash [DASH] moves close to oversold level: Technical Analysis
On Friday, Dash [DASH] is trading a bit ambiguously since the coin following a bullish momentum is moving in a downward trajectory. As the Bitcoin, the top most crypto witnessed a mild recovery, the market at large began trading in green. This bullish wave managed to mildly influence the 15th most valuable digital currency in terms of market cap. However, in the last seven days, Dash has slipped around 3% and tumbled almost 12% in the past one month.
The MACD level shows that though the virtual currency is still in the bullish zone, however, it is taking a dip. The digital asset, at press time, is locked in downtrend, as evidenced by 100 EMA line. The digital asset is trading way too far from breaching the key resistance level, which can be found at $87.97.
At the time of writing, the hourly RSI indicator is marked at 39.5, which implies that the digital currency is nearing the oversold level due to increased selling pressure in the crypto market. According to CoinMarketCap data, the overall market cap of the virtual asset stands at $612.15 million. The coin has managed to climb up nearly 0.75% against the U.S. dollar to currently, trade at $71.39.
At the moment, the cryptocurrency has edged up 0.75% against Bitcoin [BTC] with one DASH equivalent to 0.0195828 BTC.
Dash [DASH] Latest Updates
- Dash, a leading digital asset for payment and e-commercial purpose, has come up with the upgraded version 0.13.0 of Dash Core. Recently announced, the recent network updates will serve as a foundation for Dash Evolution and eventually, the decentralised platform will emerge as the most user-friendly payment system on blockchain technology across the globe. The Core has disseminated the v. 0.13.0 software upgrade information to exchange pools, Masternode operators and explorers. On updating to the latest version, rewards will continue to be received.
- It is starkly visible to all that Trust Wallet is here to stay and make a difference with Dash being the latest addition to its list of supporting digital assets. Announced yesterday, Trust wallet is all set to be used by the crypto enthusiasts in the form of the crypto wallet. The fundamental objective behind this service is providing a secured storage space for the 15th most valuable cryptocurrency. With the onset of this new facility, the tokens can be easily transacted from the well-advanced Trust mobile wallet.
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