This content has been archived. It may no longer be relevant.
DASH, one of the top 30 cryptocurrencies of the global market, is seen trading above $100, and it was one of the most lucrative cryptos in the previous month. Alongside, Dash has a far better use case and is accepted as a mode of payment in many places now. It was just in the previous week when a Pizza Hut in Venezuela started accepting DASH as payment. This reflects that DASH is one of the most considerable cryptos amongst the global market and Ethereum, XRP, Litecoin, Cardano, Stellar, etc.
The price movement of DASH has been one of the most noticeable trends against the greenback as it was up by over 50% in the previous month. Just when DASH/USD was seen struggling below $100 in the last quarter, it took all the attention to gain this amount of momentum to trade from a consolidation zone below $70 to trade above $100 currently.
DASH Price Analysis
Advertisement
At the time of penning down this analysis, DASH price was seen trading above $100 at $106 with a clear and steep trend drawn against the US Dollar. With this, DASH crypto’s price trend is seen breaching the upper band with strengthening price and retains complete support from 50-day and 200-day daily MA.
November was an amazing month for #DASH the price is up +60.8% 🚀
There's strong interest from investors with 4,741 new @Dashpay followers on @blockfolio the #crypto portfolio management app. 📈👀
Dash is very scarce, only 9.8 million Dash in circulation! pic.twitter.com/2q7iQNFbfe
— Mark Mason | markmason.btc (@MarkMoneyMason) December 1, 2020
Although the currency is seen trading above $100 and strengthening double by double the days of the previous month, we cannot ignore that the DASH is yet to reclaim the lost YTD high that it hit at the onset of the year.
Advertisement
With the gain in DASH price, the technical indicators draw a clear bullish divergence, which is reflected on the MACD chart, and the RSI of the coin is also holding an apparent inclination towards the overbought region, lying at 60.24, which exhibits increasing demand of the crypto in the intraday.
