An open-source cryptocurrency- DASH ranks 22nd among the other major cryptocurrencies. The price of DASH at the press time was $69.75 with a market cap of $644 million and a 24-hour trading volume of $439 million. A major chunk of DASH was traded from IDAX via the DASH / BTC pair.
1 Hour Chart
The short term chart exhibited a downtrend extending from $77.961 to $72.220 and an uptrend from $67.671 to $69.433. The resistance stood at $72.744 and the support was held at $70.601.
The Bollinger Bands were undergoing a divergence thereby increasing the volatility of the tokens.
The Awesome Oscillator showed that the red bars were gaining momentum indicating that the coin was facing a bearish sentiment.
Chaikin Money Flow: The CMF line but was under the zero line at the press time indicating that the coin was in the bearish market.
1 Day Chart
The daily chart exhibited an uptrend extending from $86.956 to $135.349 and a downtrend extending from $186.699 to $93.139. The resistance stood at $120.024 and the support was at $102.818.
Parabolic SAR: The dotted line above the candlesticks was drawing a downward path pushing the coin to the markets of bears.
Relative Strength Index: The coin was swaying in towards the 40-line indicating a higher selling pressure in the market making the coin go bearish.
The MACD line and the signal line were undergoing a trend reversal putting the marketers under confusion.
The MACD indicator suggested a trend reversal in the long term chart and the Bollinger Bands indicated that the volatility was increasing while all the other indicators suggested that the coin was under a bearish run.