Dash price is consistently climbing and showing amazing improvements from January 2020. At the time of writing this article, this privacy-focused cryptocurrency is at 135.078 USD. The DASH/USD is showing bullish momentum at regular intervals. It seems that no mountain is high enough for DASH. Let’s take a look at it in more detail.
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DASH Price Analysis: New announcements are responsible for the bullish momentum?
The reason behind the bullish momentum of DASH Price could be the new announcements like DASHPay by NowPayments.NOWPayments is also involved in a giveaway, where users have an opportunity to get $10 in Dash by engaging in a Twitter advertising. In our previous analysis, we had said that more than 40% of DASH holders are making money. But now almost 56% of DASH holders are making money.
The signals are mostly bullish and the concentration by large holders is almost 16%. The 30-day price correlation with BTC is 0.78.
DASH Price Analysis: The Summary
The summary for DASH/USD which includes moving averages, oscillators and pivots is displaying the buy zone. As mentioned earlier, there are 56% IN holders who are making money at the current price while 33% are OUT holders. The signals are mostly bullish and the net network growth is showing a 0.92% signal value.
The DASH price is right now variable. It is a never-ending battle between Bullish and Bearish but the general trend is bullish right now and most investors are looking forward to investing in the cryptocurrency. The 7-days transactions are $75.96m.
Dash price analysis- Key Zones
Dash currently has a clear price target of $145 and is medium bullish in the medium term. Still, in the event of a sudden, unexpected turnaround in Bitcoin, Dash has three correction goals:
If Dash beats its old high of $ 154.5, these supports will be void. If Dash surpasses its earlier high of $ 154.5, the price will only find stability again at $ 170 – $ 200. The RSI unquestionably proves that the buyers have the accelerator at highest and want nothing less than viewing the price above $140. If a withdrawal happens, more powerful support is expected at $128. If DASH price declines, the 50 SMA at $124 will work as key support.
The weekly gain is by +4.89% while the 24 hours gain is at +3.77%. The summary of the 1-day indicator shows that the DASH price is oscillating between buying to strong buy zone. However, the RSI oscillator is showing mostly SELL behavior. The Relative Strength Index is at 70.07, signifying neutral action.
The moving averages are in the strong buying zone. The exponential moving average and simple moving average both are in the strong buying zone. The DASH looks promising and is showing strong growth.