DASH is a popular choice when it comes to the world of cryptocurrencies. With a market cap of $4.6 Billion, the currency is currently ranked 12th by market cap. There are a number of investors and traders who support the currency. The past couple of weeks haven't been good for DASH and it appears that the next few weeks will continue to be the same.
DASH began the day at a price of $662 and continued to fall, closing the 24 hour period at a low of $592. However, this fall in the prices of Dash can be attributed to the fact that markets at large are going through a tough time and almost all cryptocurrencies are losing value.
Over the past seven days, DASH had hit a low of $385 which is the lowest point of the currency this year. It has since recovered but continues to face a strong resistance at the $675 mark. The seven-day high came when DASH recorded a price of $666.81 earlier today.
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Technical Analysis of DASH | Image: Tradingview[/caption]
DASH faces a strong resistance at the $675 mark. These fluctuations in DASH prices will continue till that resistance is overcome. Investors and traders of DASH need to stay alert as it is expected that the currency will continue this downtrend and the prices can potentially fall to a dangerous low of $150. However, that is unlikely as there is some support at the $330-$350 mark.
For those investing in DASH, this is a tough time. If you aren't in a loss - you might want to consider selling off or converting into USDT till the bulls gain control of the markets. However, for those who are in a loss, it is advisable to set a stop loss to ensure that you do not maximize your losses.
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