Dash hit its high of $ 440 in early May, after which it fell sharply and hit its support zone. The coin spun in its support zone for a month after falling significantly.
The coin crossed the uptrend line which extended from mid-July and after being tested on the trendline the coin fell and is currently moving sideways with minor price movements.
Moving in consolidated momentum, Dash failed to break the swing low of $ 107 which could cause the coin to move up as the bears could push the price down. The coin is currently priced at $ 129.27 and is moving towards the support line.
On the daily chart, the MACD is above the signal line, along with green candles on the histogram chart. It offers the bulls a buying opportunity and investors can hope for bullish momentum going forward. When the price falls it can reach its support line after which the coin price can turn up.
The RSI of 30 is currently in the oversold territory. Regardless, if the bulls drive the price higher, the RSI could lead to an overbought spot. The volume creates indecision between the bears and the bulls and is inconvenient.
On the weekly graph, the token is moving in a downtrend, but was unable to suppress the swing lows previously formed. The coin is above the support line but the indicators are still in the sell range.
The technical parameters are not indicative of price developments and investors should study the fundamentals of the current scenario.
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