Manoj B Rawal
Independent Analyst
- Price trapped in a channel that won't help bulls.
- Been a laggard in this recovery.
Dash price has got itself trapped in a descending channel that won't help bulls as they die a slow death while bears continue to live longer in this decline that never recovered enough in the latest price recovery that saw almost all the cryptos rise between 50-500 percent.
DASH/USD price is flat on day (how often do we see a crypto trading flat?) at $391.15 and range for the day has been less than 2 percent between $389 and $396 - rare phenomenon for cryptocurrencies which are second cousins of volatility and larger range tradings.
On the 180-minute charts Dash prices have got trapped in a lower high, lower low descending channel and this comes as Dash hasn't been able to recover even a meagre 23.6 percent of its entire fall from December high. That says a lot about the trend of this crypto, which is down.
DASH/USD 180-minute chart:
DASH/USD daily chart:
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