Dash [DASH] trades in red as bears cover market: Technical Analysis
The first day of the week opened with the downward spiral of the crypto market, with Dash along with other altcoins sliding down. As the bulls stepped back from the market space, the sellers began to overpower the space. The 15th most valuable digital asset has failed to completely resist the currently prevailing bearish wave. The falling market condition has played a pivotal role for the buyers to sell their digital asset. Dash [DASH] has moved down almost 0.07% in the last seven days and around 21% in the duration of a month.
The MACD exhibits that the crypt is trading in the bearish territory and the 100 EMA line clearly indicates that the coin is locked in downtrend. The key support level is found at $70.7 and the digital asset, at the moment, is trading below that level. The hourly RSI indicator was noted at 46.6, which indicates that the altcoin is experiencing a fairly high selling pressure and moving towards the level of being oversold in the market. The overall market cap of the virtual asset stands at $660.83 million. The cryptocurrency has moved down almost 0.32% against the U.S. dollar to be valued at $69.88.
At the time of writing, the digital currency has crawled up 0.25% against Bitcoin [BTC]. Currently, one DASH is equivalent to around 0.01956333 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.
Image via Shutterstock