Dash Coin Price Prediction: Dash surges 59% in the Last 7 days
Key Takeaways
- Dash has gained over 59 % in the past week and hit $96.9, the highest-ever price this year.
- Currently, Dash is trading around $87.15, and the market cap has touched $1.08 billion.
- The crypto community remains optimistic about a rally and the price reaching above $100.
The privacy coin, Dash, has gained over 59 % in the past week and hit $96.9, the highest-ever price this year. Although the token has experienced a dip from $90 level, the crypto community remains optimistic about a rally and the price reaching above $100.
Dash: Current Market Scenario & Technical Analysis
Currently, Dash is trading around $87.15, and the market cap has touched $1.08 billion. The Fear and Greed value of 42 suggests that investors are cautious. Nonetheless, the market sentiment remains bullish, despite extremely high volatility. The 14-day Relative Strength Index value of 78 is further reinforcing the bullish run. The token is currently trading above the 200-day Simple Moving Average and has had 17 green days in the past 30 days. Besides, Dash overcame the Fibannoci resistance of 79.69 level. Overall technical analysis is signaling a bullish run.
| Technical Indicator | Value |
|---|---|
| Exponential Moving Average (10) | 63.42 |
| Simple Moving Average (10) | 57.89 |
| Volatility | 23.11% (Extremely High) |
| Fear & Greed Index | 42 (Fear |
| Supply Inflation | 4.08% (Medium) |
| Sentiment | Bullish |
Why is the Dash Coin Going up?
Dash coin is a privacy coin, and the demand for the privacy coin sector has been surging recently. The Dash platform allows peer-to-peer transfer with enhanced privacy and security. Besides, the demand for privacy coin, another major event that drove the price is the listing of the Dash coin on Aster. The Dash perpetual with up to 5x leverage is launched on November 1. The listing has attracted the attention of the crypto enthusiasts, and the price of the token surged. The monthly price gain for the token is about 184%.
Dash Coin Price Prediction: Will the Token Hit Above $100?
Despite the decline in the price from $90 level, the token is predicted to continue a bullish run. The short-term dip is largely due to short-term profit-taking by whales. The Relative Strength Index reaching the oversold territory triggered the corrections.
Nonetheless, the crypto experts are not ruling out a breakout. According to the crypto experts, closing above $71.64 can lead to a breakout. Yet the conservative estimates suggest the price may hover around $80. For the upcoming week, the price predictions are projected to reach as high as $129.65. Reaching above $100 psychological level is crucial for Dash to confirm the bullish run. The following table shows the price prediction of Dash for the upcoming days.
| Date | Daily Low | Daily High | Average |
|---|---|---|---|
| 04/11 | $82.48 | $84.01 | $83.25 |
| 05/11 | $80.18 | $83.79 | $81.99 |
| 06/11 | $78.51 | $81.9 | $80.21 |
| 07/11 | $81.04 | $87.54 | $84.29 |
| 08/11 | $89.58 | $111.04 | $100.31 |
| 09/11 | $107.64 | $131.2 | $119.42 |
| 10/11 | $117.5 | $129.65 | $123.58 |
Final Thoughts: What’s Ahead For Dash?
The Dash coin experienced an immediate surge largely due to its listing on Aster. Such short-term surges are common while listing; nonetheless, the demand for privacy tokens is expected to increase in the future. As the price surge is specific to the token rather than driven by macro headwinds, the crypto analysts are anticipating the bullish run to continue. Yet, considering the volatile nature of the crypto market, investors are advised to exercise caution.
Crypto & Blockchain Expert