In this Dash technical analysis, we will examine the current price action, trading volume, key levels and indicators for DASH-BTC. Dash is a leading decentralized digital currency that offers fast and secure transactions, with an emphasis on privacy and anonymity. Its unique masternode system allows for enhanced governance and decision-making within the community, ensuring that the platform remains adaptable to changing market needs. With a strong focus on usability and accessibility, Dash has established itself as a popular choice among both seasoned cryptocurrency users and newcomers alike.
Dash Price Overview:
As of June 10, 2024, Dash is trading at approximately 0.00038 BTC. Let’s dive into the detailed price action for DASH-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00039 |
| High (H) | 0.00039 |
| Low (L) | 0.00037 |
| Close (C) | 0.00038 |
| Volume (C) | 3,077.87 |
- Open (O): The opening price for today’s trading session was approximately 0.00039 BTC.
- High (H): Dash reached a daily high of around 0.00039 BTC.
- Low (L): The daily low for DASH-BTC was approximately 0.00037 BTC.
- Close (C): At the time of analysis, Dash is trading near its daily close of 0.00038 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.65% |
| 3D Change (%) | -5.13% |
| 7D Change (%) | -10.77% |
| 30D Change (%) | -18.51% |
| 90D Change (%) | -35.61% |
| YTD Change (%) | -49.01% |
Over the past three days, DASHBTC has fallen by approximately -5.13%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -10.77%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DASHBTC maintaining a downward trend of approximately -18.51%, despite intermittent fluctuations. Examining the last 90 days, DASHBTC has witnessed substantial decline of approximately -35.61%, reflecting strong long-term confidence. Year-to-date, DASHBTC has steadily decreased by around -49.01%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Dash Live Chart:
You can access a live price chart for DASH-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.31598.
- Momentum score is -0.11774.
DASH BTC Technical Analysis
Dash Trading Volume:
The trading volume for Dash (DASH) over the past 24 hours has been insignificant, with approximately 3,077.87 BTC traded against DASH. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): DASH is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Dash is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DASH-BTC is currently in the low zone, around 33.95715. This suggests that Dash is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Dash (DASH-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Assess Dash’s (DASHBTC) risks at 3.83e-04 BTC with bearish technical analysis, highlighting weakened support and cautionary indicators.
Explore more with our thorough insights on DASH USDT Dash Technical Analysis — an essential read if you enjoyed the content of this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.