In this Dash technical analysis, we will examine the current price action, trading volume, key levels and indicators for DASH-USDT. Dash is a leading digital currency that offers fast and secure transactions, with its unique masternode network providing enhanced privacy and governance features. Dash’s decentralized architecture enables users to have full control over their funds, while its intuitive interface makes it accessible to both experienced and new users. With its focus on usability and scalability, Dash is poised to become a go-to digital currency for mainstream adoption.
Dash Price Overview:
As of July 02, 2024, Dash is trading at approximately 24.13 USDT. Let’s dive into the detailed price action for DASH-USDT:
| Metric | Value |
|---|---|
| Open (O) | 24.03 |
| High (H) | 24.3 |
| Low (L) | 23.85 |
| Close (C) | 24.13 |
| Volume (C) | 57,754.79 |
- Open (O): The opening price for today’s trading session was approximately 24.03 USDT.
- High (H): Dash reached a daily high of around 24.3 USDT.
- Low (L): The daily low for DASH-USDT was approximately 23.85 USDT.
- Close (C): At the time of analysis, Dash is trading near its daily close of 24.13 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.42% |
| 3D Change (%) | -0.90% |
| 7D Change (%) | -0.58% |
| 30D Change (%) | -17.76% |
| 90D Change (%) | -32.20% |
| YTD Change (%) | -23.93% |
Over the past three days, DASHUSDT has dropped by approximately -0.90%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.58%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DASHUSDT maintaining a downward trend of approximately -17.76%, despite intermittent fluctuations. Examining the last 90 days, DASHUSDT has witnessed substantial fall of approximately -32.20%, reflecting strong long-term confidence. Year-to-date, DASHUSDT has steadily dropped by around -23.93%, 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-USDT 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 0.45052.
- Momentum score is -0.05595.
DASH USDT Technical Analysis
Dash Trading Volume:
The trading volume for Dash (DASH) over the past 24 hours has been insignificant, with approximately 57,754.79 USDT 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-USDT is currently in the low zone, around 41.52587. This suggests that Dash is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Dash (DASH-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Receive signals of caution for potential Dash (DASHUSDT) downturns at 24.13 USDT through bearish technical analysis, accompanied by weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on DASH BTC Dash Technical Analysis — a perfect follow-up if you enjoyed 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.