Dash Price Analysis – DASH/USD

Dash, a revolutionary digital money system and an open source cryptocurrency and is a form of the decentralized autonomous organization run by a subset of users, called “master nodes”. It is an altcoin that was forked from the Bitcoin protocol. The currency permits fast transactions that can be untraceable.

Dash the 15th largest cryptocurrency with its current market cap Traded at $623,724,621 (10:20 UTC) on January 23 slashed in current value by 28.3% compared to December 20, 2018, as analyzed from the Graph above. The significant drop in value relative to November 29 was due to the strong bearish pressure which caused a drop for almost most of the altcoins. The DASH/USD pair remained ‘uptrend’ from December 19 to December 26 last year as interpreted from the graph above which signifies the bullish trend.

Since DASH/USD pair gained in value by 24.4% compared to December 14, 2018, which can well be analyzed from the graph above, which signifies the bullish trend going forward, also, note that the ‘Ascending Top’ signifies the bullish pattern that initiated from December 14 last year which can be analyzed from the graph above.

As we can interpret from the graph above that the current value traded just below the 20-day EMA which states the ‘downtrend’ in value and may cross the current support level thereby creating “uptrend” in value. The DASH shows that bears have the upper hands and so DASH/USD pair remains in bearish trends for some time until the next “uptrend” takes place. Traders should remain on the sideline to the extent that the next “uptrend” takes place. However, the beginning of the year looks more fruitful where most of the altcoins have experienced “Uptrend” in value.

The DASH/USD pair remained range bound from October 30 to November 06 last year, as the cryptocurrency rallied from a low of $149 to a high of $176 which is an 18.12 percent return within six days.

As we can quickly analyze from the graph above that the MCap traded at $623,724,621 (10:20 UTC) with the Price (BTC) 0.02019035 and Price/USD 72.72 (10:22 UTC) 24h Volume 157,440,120 USD (10:20 UTC) .

As we can interpret from the graph above that, the MCap traded all-time high on January 09 above Price (USD) and Price (BTC). Since then it dropped and traded in line with Price (BTC) pair. However, if we can analyze from the graph above that Price (BTC) traded highest above both – Mcap and Price (USD) (10:27 UTC).

While we can estimate from the first graph, if bulls succeed in rising and sustaining above the current resistance level $75.75 (10:36 UTC) and create “uptrend” in value (i.e., traded above the EMA) the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $75.

At Dash’s core is a unique fully-incentivized peer-to-peer network. Miners are rewarded for securing the blockchain and master nodes are rewarded for validating, storing and serving the blockchain to users. Master nodes represent a new layer of network servers that work in highly secure clusters called quorums to provide a variety of decentralized services, like instant transactions, privacy, and governance, while eliminating the threat of low-cost network attacks. In-Dash, everyone has a voice and the ability to propose projects directly to the network. Anything you can do – from marketing to development – that helps Dash grow and improve can be funded. This means Dash funds its growth and adoption, a consensus is guaranteed, and everyone is accountable to the network.

Please feel free to visit https://www.dash.org/ to know more about this cryptocurrency!

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