The latest Dash price news today show that the cryptocurrency is in a bullish trend zone market in its medium-term outlook and the increased momentum is what pushed the price up to $105 now in the resistance area, right above the EMA 50 as the market opens today.
The momentum was lost as we could see in the cryptonews yesterday – and the exhaustion has set in ever since the bears returned briefly. Today, we can see an opening candle at $107.81 but the price retraced now and the DASH/USD cryptocurrency pair dropped further to $105 in the support area.
The price of this project is above the EMA-50 an indication of an uptrend in the context of the strength. The signal of the stochastic oscillator points down at around 10% in the oversold region which indicates that a downward momentum is here and the crypto may likely encounter a change in trend in the days ahead, as we can see from the medium-term perspective.
The Dash price news also give an estimate that DASH is one of the coins with no big movements in the altcoin news over the past month. The 4-hourly session today opens with a bullish doji candle followed by a reversal. What’s important is that just like the other altcoins, DASH is in a slow downtrend in the context of its strength.
On the other hand, the stochastic signal indicates that the price momentum may likely change in the future and the short-term outlook. Even though it’s minor, the decline in the Dash price news indicates that DASH has been trading in higher grounds and may see the same levels again as it moves forward.
For those of you who don’t know, DASH describes itself as digital cash which aims to offer financial freedom to everyone. In this ecosystem, the payments are fast, easy, secure and with near-zero fees. The cryptocurrency is built to support real-life use cases and aims to provide a fully-decentralized payments solution. As such, the Dash price news are always exciting and hinting on many potential things for the altcoin.
Since its creation in 2014, Dash has been a popular choice for many investors, mostly because of its two-tiered network, instantly settled payments, instantly immutable blockchain and optional privacy.
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