DASH Analysis: Dash Coin Value May Fall Down Upto -8.93%

• Dash coin was performing positively this week with moderate corrections in price value
• Dash coin price today is $126.56 with a loss of 1.97% in the last 24 hours and 29.36% up from last week
• The DASH/BTC pair is also performing positive with an overall gain of 0.21%, bringing the current level to 0.003389 BTC

The Dash coin value is in a negative trend on January 16, 2021, trading session. The price went up to $156.67 on January 10, 2021, setting up a mark of 52-days high due to the coin’s heavy buying. By breaking above the resistance zones created in the past. The ZEC/BTC pair is in an uptrend with a value of 0.46% in Saturday’s trading session (0.003389).

Technical Indicators Suggests Plunge in Dash Coin Value

The weekly technical chart of Dash coin values a negative trend on Saturday’s trading session. DASH price is currently sitting at $126.56, with a resistance zone of $137.42, following the support zone of $115.84. The price is above 20 & 50 days, exponential moving average. The 20-EMA blue line ($114.46) and 50-EMA purple line ($104.43). As the Dash coin price is currently trading above the support zone, the trend may fall for the next upcoming trading sessions.

A bearish engulfing candlestick pattern is formed on diving into the weekly chart of a 30-minute time frame. Indicating a sell signal in the coin.

The Volume indicator of value (16.014K) reflects a low buying volume in the coin in Saturday’s trading session.

MACD (Bullish): The levels had no bearish crossover signal line on January 16, 2021 trading session. But we can see both the lines getting close to each other, and it may soon intersect in the next upcoming trading session. This indicates a bullish momentum in the coin for now. Could also observe green bars in the Histogram.

RSI (Neutral): The level with a value of 59 indicates that the coin is neutral for now. Showcasing Dash coin value may consolidate for the next few trading days.

Conclusion 

Dash coin values are in a negative trend on Saturday’s trading session. Price levels are close to the support zone of $115.84 and may soon breach the support. One can further expect a bearish movement in the coin for the next few trading sessions.

Resistance: $137.42

Support: $115.84

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