DASH, one of the top 30 cryptocurrencies of the global market, is exhibiting no exception amongst the other altcoins. The price continues to reflect a negative sentiment as the currency trades at $68.38. Dash with no intraday steep price change is seen holding a flattish trend against the greenback with a narrow trading price range after collapsing from the 5-month high marked above $100 at $107.
DASH, around the current trading price, is failing to hold support from the daily moving averages as the intraday draws a flattish trend on the daily chart without any notable change in trading points.
At the time of penning down the DASH price analysis, the coin was seen trading at $68.38 after a gradual decline in price from the 5-month high marked in the previous quarter at $107. The Bollinger Bands are seen squeezing on the daily chart, and therefore, DASH/USD may experience a breakout soon, in the near-term.
With no active support due to a continuous flattish trend, the currency is holding zero momentum to reclaim the YTD high that the DASH coin price had hit at the onset of the ongoing year at $144. The MACD confirms the loss of traction in the daily chart, and the RSI lies ta 46.42 with no trading extremities breached.