Dash [DASH] plunged to nearly 60% over a month: Technical Analysis
The cryptocurrency market has been the day’s breakfast for the bears as most coins trade in the red. However, Binance coin and TRON were the only two digital assets that were trading slightly in the green. Dash [DASH] on the other hand was also trading in the red. Dash [DASH] had plunged to more than 13% over the period of seven days and more than 59% over a period of one month. The collective cryptocurrency market cap was found to be $107.91 billion
The 100 EMA line points that the coin is experiencing a downtrend. The MACD of the coin indicates that the coin is trading in the bearish region. The hourly RSI indicator is currently at 35.28 shows that the digital asset is on a selling spree and is nearly getting oversold. A new support level was formed at $65.75 below which the digital asset was trading. The trading range for the day was from $64.16-$70.86. The coin was falling flat at 4.66 % against the U.S. dollar and was trading at $65.28 at the time of writing. The coin’s market cap declined to $554.83 million and has lost more than $21 million.
At the time of writing the coin had crept down 2.52 % against Bitcoin [BTC] and was trading at 0.019 BTC
Dash [DASH] Latest Updates
In a recent QnA session hosted by Roger Ver, three Bitcoin Cash enthusiasts – Roger Ver, Corbin Fraser, and Mate Tokay spoke highly of Dash when they were questioned regarding their opinion of the cryptocurrency. All three of them answered positively. Ver mentions that Dash is the second best cryptocurrency after Bitcoin Cash [BCH]