- DASH/USD went down from $172.15 $167.15 in the early hours of Thursday.
- Both the 4-hour and hourly DASH/USD price charts are below the SMA 200 and SMA 50 curves.
DASH/USD daily chart
DASH/USD has had two bearish days in a row after the bulls failed at the $177.50 level. The price has subsequently gone down to $167.15. The price has found support on the $166.15 line. The daily chart is trending above the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves. The signal line is looking to converge with the moving average convergence/divergence line, indicating decreasing bullish momentum.
DASH/USD 4-hour chart
The 20-day Bollinger band’s jaw has widened, indicating increasing market volatility. The DASH/USD 4-hour price was trending above the upper curve of the Bollinger band before the price corrected and the plummeted (probably triggered by Coinbase outage). The price went below the lower curve of the Bollinger band. The Elliot oscillator has had two straight bearish sessions after two consecutive bullish sessions. The SMA 20 and SMA 50 are trending above the price.
DASH/USD hourly chart
The hourly price is below the red Ichimoku cloud. The price is trending below the SMA 200, SMA 50 and SMA 20 curves. The SMA 50 is looking to converge them above the SMA 20 curve, which is a bearish sign. The relative strength index (RSI) indicator is trending around 36 right above the oversold territory.
Key Levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Prisma price tanks 25% after nearly $9 million exploit
Prisma Finance (PRISMA) is being exploited, and the attacker has so far pulled $9 million in Ethereum from the borrowing protocol. Prisma asked vault owners to take the necessary steps to protect funds from the ongoing attack in an official tweet on X.
Meme coins gain traction after SEC’s partial win in Coinbase lawsuit: DOGE, SHIB, BRETT, POPCAT, BODEN
US SEC pocketed a partial win in its lawsuit against Coinbase, ushering a correction in crypto prices on Thursday. Despite the broad pullback, prices of meme coins like Dogecoin, Shiba Inu and Solana-based BRETT, POPCAT and BODEN increased.
Ondo moves $95 million worth of OUSG assets to BUIDL as tokenized fund attracts $245 million since debut
Ondo Finance (ONDO) announced on Wednesday that it's shifting about $95 million worth of its OUSG's underlying assets to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
XRP price stuck below $0.65 resistance, Ripple lawsuit could suffer from Coinbase defeat
XRP price falls slightly to $0.61 on Thursday after its landmark programmatic sales ruling in July, which gave Ripple a partial victory against the US SEC, failed to reverberate in a similar legal battle between the regulator and crypto exchange Coinbase.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.