๐ Analysis of the $DASH coin on the daily timeframe
Hey guys, $DASH is currently at $32.97 with a slight drop of -1.70%, and it continues in a long-term downtrend from the $45.66 peak ๐
โ Positive news: $DASH is being assessed for potential use of its coin in the Philippines as a crypto payment solution โ a possible expansion into a new market in Asia.
Indicators:
Price is below all major moving averages, MACD is negative at -0.10 but still applying pressure, and RSI(24) at 44 is in the neutral zone โ the market needs a clearer catalyst for the next move ๐ง
Suggested entry: $32.31 โ $32.97 (cautious entry)
๐ฏ Target 1: $35.77
๐ฏ Target 2: $39.34
๐ฏ Target 3: $45.66
๐ด Stop loss: below $29.45
About the coin ๐
Dash is a digital coin specialized in fast payments and privacy, launched in 2014 as a branch of Bitcoin. The Philippines valuation news reflects the projectโs continued efforts to expand as a practical payment solution in emerging markets.
โ ๏ธ The news is positive, but the big downtrend is still intact โ we should wait for clearer confirmation. Trade responsibly and you must stick to the stop loss. ๐ก๏ธ
#DASH
Hey guys, $DASH is currently at $32.97 with a slight drop of -1.70%, and it continues in a long-term downtrend from the $45.66 peak ๐
โ Positive news: $DASH is being assessed for potential use of its coin in the Philippines as a crypto payment solution โ a possible expansion into a new market in Asia.
Indicators:
Price is below all major moving averages, MACD is negative at -0.10 but still applying pressure, and RSI(24) at 44 is in the neutral zone โ the market needs a clearer catalyst for the next move ๐ง
Suggested entry: $32.31 โ $32.97 (cautious entry)
๐ฏ Target 1: $35.77
๐ฏ Target 2: $39.34
๐ฏ Target 3: $45.66
๐ด Stop loss: below $29.45
About the coin ๐
Dash is a digital coin specialized in fast payments and privacy, launched in 2014 as a branch of Bitcoin. The Philippines valuation news reflects the projectโs continued efforts to expand as a practical payment solution in emerging markets.
โ ๏ธ The news is positive, but the big downtrend is still intact โ we should wait for clearer confirmation. Trade responsibly and you must stick to the stop loss. ๐ก๏ธ
#DASH