2024

Resistance

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>The DASH asset is showing bullish traits as TVL, Whales Activity, OI, And Volume support the price, this highlights that it can achieve more growth.</a></li>
 <li><span>2</span> <a>It has demonstrated good performance in the past month, and three months.</a></li>
</ul>
<p>TVL of DASH crypto gives investors a measuring scale to detect risks. The total USD value worth of digital assets that are staked or locked on the Blockchain network. Moreover, the increase in TVL in the crypto reflects the changing dynamics of market participation and higher TVL makes the DASH asset less riskier.</p> <iframe loading="lazy" width="100%" height="425px" src="https://defillama.com/chart/chain/Dash?&amp;theme=dark" title="DefiLlama" frameborder="0"></iframe>
<h2 class="wp-block-heading" id="strong-volume-analysis-of-dash-crypto-strong"><strong>Volume Analysis Of DASH Crypto</strong></h2>
<p>The DASH chart presents the correlation between the volume and price. In January and February of 2024, both the asset’s volume and price were comparatively low, indicating a lack of interest and activity. The volume has mostly remained under $40 Million, and the price hovered around $28 in that period.</p>
<p>However, in the last week of February, volume and price continued to advance abruptly, indicating increased demand and excitement about the DASH crypto price. The trading volume exceeded $60 Million and the price rose drastically from $26 to $40 and recent sessions show a volume decline. This could invite more buyers in coming sessions.&nbsp;</p>
<p>The price vs volume of the DASH chart portrays an increase in volume along with the price rise, illustrating the continuation of the major trend.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price (DASH), Volume (DASH)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2023-08-23T00%3A00%3A00.000Z&amp;dt=2024-03-18T18%3A29%3A59.436Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bdash%3BDASH%5D%3B%5B1%3Bvolume_usd%3Bdash%3BDASH%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-oi-whales-study-over-dash-crypto-strong"><strong>OI &amp; Whales Study Over DASH Crypto</strong></h2>
<p>The below chart exhibits the activity of whales in the DASH crypto along with the price movement in the same duration. The analysis shows that the whales have been continuously increasing their portfolio in DASH since January 2024.</p>
<p>The Open Interest data analysis of DASH crypto saw a continuous surge in the number of OI contracts in the previous sessions and recent sessions displayed an OI decline. This scenario could invite more buying possibilities for whales in the forthcoming sessions.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Percent of Stablecoin Total Supply held by Whales with more than 5 million USD, Total Open Interest in USD (DASH)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2023-08-23T00%3A00%3A00.000Z&amp;dt=2024-03-18T18%3A29%3A59.436Z&amp;emcg=1&amp;emhwm=1&amp;wm=percent_of_whale_stablecoin_total_supply%3B%5B1%3Btotal_open_interest%3Bdash%3BDASH%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-will-dash-crypto-price-skyrocket-soon-strong"><strong>Will DASH Crypto Price SkyRocket Soon?</strong></h2>
<p>The DASH asset is showing bullish traits as TVL, Whales Activity, OI, And Volume support the price, this highlights that it can achieve more growth in the coming sessions. It has demonstrated good performance in the past month and three months by 25.57% and 16.03% respectively, which indicates a reliable upward trend on the daily chart.</p>
<p>The <a href="https://www.thecoinrepublic.com/2023/09/12/dash-price-prediction-can-dash-crypto-reach-50-in-2023/" target="_blank" rel="noopener noreferrer nofollow">DASH crypto </a>declined 1.89% in the intraday session and the price was $36.43 at press time. It shows a sign of revival as the price shows sustenance at a critical level of around $34 on the chart. Contingent on the buyers, DASH price could soar to new heights from the current support zone.</p>
<p>Moreover, the price is taking support on dynamic support of EMAs and it is showing bullish strength. Similarly, the RSI is above 49.36, suggesting that the asset has more room to grow and MACD is above the zero line at 1.68.</p>
<p>Therefore, if the demand increases, the DASH asset price could bounce back from the current level. The next resistance for the price would be to reach $40. However, if the crypto price fails to stay above the $34.22 level, it could plunge deeper towards the demand area.</p> 
<p><a href="https://in.tradingview.com/chart/DASHUSD/gVwoxhNf-the-price-is-taking-support-on-dynamic-support/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The volume analysis of DASH shows a correlation with its price, where both were low in January and February 2024 but saw a significant increase in the last week of February 2024, suggesting a growing interest in DASH. Whale activity has also been on the rise since January 2024, which, along with Open Interest (OI) data, could signal more buying opportunities.</p>
<p>DASH has shown bullish signs, with a 25.57% increase over the past month and a 16.03% increase over three months. Despite a recent 1.89% decline in price, trading at $36.43, DASH is showing support at the $34 level. If demand continues, the price could rebound, potentially reaching $40. Conversely, if it falls below $34.22, the price may drop further. Technical indicators like EMA support and RSI suggest the asset has room for growth.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p><strong>Support Levels</strong>: $34.22</p>
<p><strong>Resistance Levels</strong>: $40.00</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Is DASH Crypto Price Racing To Higher Levels? Could It Hit $50?

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Thecoinrepublic.com

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