Dash [DASH] Technical Analysis and Price Prediction 2018, 2020
While the broader cyrptocurrency market is showing signs of recovery, Dash [DASH] has managed to keep itself afloat. The upward momentum comes after the coin experienced declines in recent days. In the last week alone, the coin saw its value drop 1.5 percent. This is not too worrying since the crypto's value had risen by an impressive 21.9 percent in the last month.
Earlier on in the day, the coin’s price had been weighed down by selling pressures seen in the broader cryptocurrency market. The crypto breached a key support level, noted at $190.02. However, the virtual currency managed to battle crypto bears and found support at $187.21, after which it rose slightly. DASH is currently facing resistance at $191.22.
At the time of writing, the 100 EMA line indicated that the coin was in an uptrend. However, the MACD showed that the token was still trading in the bearish zone. The crypto was exhibiting a significant trading range of $185.83-$193.43. As of 1245 GMT, the altcoin had inched up 1.4 percent against the U.S. dollar to trade at $190.46.
The digital currency had edged 0.5 percent higher against BTC at the time of writing. Currently, one DASH is equivalent to around 0.0292 BTC.
Dash [DASH] Price Prediction 2018, 2020
- According to Smartereum, the coin is expected to trade at around $1,600 this year while the five-year forecast is set at $5,200.
- Tradingbeasts has predicted that the crypto will reach $395.05 at the beginning of December this year, before ending the month at $404.27. The digital asset will likely trade in the range of $529.80-$779.12 by the end of 2020.
- According to Longforecast, the virtual currency is expected to close the year at around $97. Prices are expected to reach around $184 in 2020 while Investinghaven forecasts the prices to hit $1,500 by the end of the year.
Dash [DASH] Latest Updates
Dash recently unveiled Long Living Masternode Quorums [LLMQs], a work in progress, which has been developed to address issues faced by the older quorum system. LLMQs are seen as a solution to the scalability and consensus issues faced by the earlier system, which were explained by Alexander Block - a developer working at Dash Core Group - in an earlier blog post.
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