Dash is a decentralized currency that provides fast, secure, and secure solutions for traditional payments. The coin was launched in January 2014. Dash coin is often used to make fast online payments in physical stores. The company focuses on usability and user experience. The coin was developed by Evan Duffield.
The market cap has shown a consistent decline since 2021 and currently stands at $309.178M. Looking at the last 24 hours’ performance, there is a slight advance of 1.53% in the market cap and an advance of 0.66% in the volume of the crypto. The current ranking of this cryptocurrency is 96 among other cryptocurrencies as per CoinMarketCap.
The volume/market Cap ratio of the share is 9.87% and the circulating supply of the share is 11.475M DASH. The max supply of the coin is 18.9M DASH. Therefore, 60.71% of the total supply is currently traded in the market. The fully diluted market cap of the share is $509.442M.
Dash coin made an all-time high of $1493.59 on Dec 20, 2017. It is currently trading -98.20% below the following high price. The current market cap dominance of the coin is 0.028% and the community is bullish on the DASH crypto as more than 71% of users are feeling positive for the coin.
Dash Token Price Technical Analysis
The Dash coin is trading in an extremely narrow range and there are still no signs of buyers in the market. This coin’s price has consistently declined from higher levels, making lower low swing levels. It indicates a weakness in the price of the coin.
The 50-day and the 200-day EMAs are completely bearish on the charts. The EMAs are making a proper structure of downtrend. The RSI of the coin is also following a bearish cycle and is currently taking support at 50-level.
Conclusion
There is no significant activity in the volume or derivatives of the crypto. The Dash coin’s price has also declined to lower levels and is not showing any signs of bullishness. The EMA and the RSI are also trading in a bearish trajectory.
Therefore, the coin’s price can continue to decline to lower levels or may stay volatile.
Technical Levels
- Support levels for the Dash Coin are: $23.00 and 24.70
- Resistance levels for the Dash Coin are: $40.00 and $45.00 BTC
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/09/29/more-decline-or-best-discount-what-to-do-with-dash-crypto/