Since the beginning of this year, DASH coin faced huge volatility. In January, the currency was spotted touching 90-days high, and by the mid of February, the same has violated again. The revisit to $136 price level spiked hope among the traders, and they expected better days in the future. However, the scenario changed, and the coin reflected a heavy plunge after that.
In March 2020, Dash coin was caught under the storm where most of the cryptocurrencies were seen battling. However, from mid-March, the improvement observed in the momentum of DASH, which might stay for the long-term. Yet, we expect the currency to recover in the upcoming days.
DASH/USD Price Chart:
On January 10, Dash price was dealing at $50.04, and then over the next week, the currency experienced massive improvement, and the same continued for the next few weeks. The price spotted at $137 on January 16. Immediately after the same, the selling pressure embarked and brought the DASH price to $95 on January 19. The price hovered around the same level till January 25 with few in-between spikes. Later, the coin started trading upwards and marked substantial improvement, which continued till February 15. The price touched $136 price level on the same day and registered immense growth.
The price of DASH currency couldn’t stay above this level for long and dribbled to $81.80 by a 39% decline on February 27. Later, the price hovered at the same level till March 07, and then again, it faced a massive plunge over the next five days and touched $36.95 by 60.71% drop. After hitting a low at $36, Dash coin once again marked recovery and reached $74.83 over the next week. On March 30, the coin reflected a slight plunge to $60.91. The following days brought upsurge, and at the time of writing this analysis, the coin was trading at $78.74.
Recently, the DASH coin has crossed the immediate resistance level at $76.78 and the next resistance level at $78.49. The currency is likely to cross the major resistance level at $81.27. Intraday trading seems quite promising for investors.