{"id":149405,"date":"2021-03-24T14:00:39","date_gmt":"2021-03-24T08:30:39","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=149405"},"modified":"2021-03-24T11:40:49","modified_gmt":"2021-03-24T06:10:49","slug":"polkadot-dash-dogecoin-price-analysis-24-march","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/polkadot-dash-dogecoin-price-analysis-24-march\/","title":{"rendered":"Polkadot, Dash, Dogecoin Price Analysis: 24 March"},"content":{"rendered":"<p>Bitcoin&#8217;s fall from over $57,000 to under $54,000 on the 22nd of March had a corresponding effect on the altcoin market, a market that shares a strong correlation with the performance of the world&#8217;s largest cryptocurrency. The price actions of alts such as Polkadot, Dash, and Dogecoin provided evidence of the same, with the larger market waiting on BTC&#8217;s next big move, at press time.<\/p>\n<p><strong>Polkadot [DOT]<\/strong><\/p>\n<figure id=\"attachment_149406\" aria-describedby=\"caption-attachment-149406\" style=\"width: 1805px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOT-PA-121232.png\"><img decoding=\"async\" class=\"wp-image-149406 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOT-PA-121232.png\" alt=\"\" width=\"1805\" height=\"854\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOT-PA-121232.png 1805w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOT-PA-121232-300x142.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOT-PA-121232-1024x484.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOT-PA-121232-768x363.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOT-PA-121232-1536x727.png 1536w\" sizes=\"(max-width: 1805px) 100vw, 1805px\" \/><\/a><figcaption id=\"caption-attachment-149406\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSD\/\" target=\"_blank\" rel=\"noopener\">DOT\/USD<\/a> on TradingView<\/figcaption><\/figure>\n<p>Polkadot, the crypto-market&#8217;s sixth-largest cryptocurrency, has had a topsy-turvy month, with the alt&#8217;s price action dipping and hiking inconsistently on the back of Bitcoin&#8217;s movement. The same was the case over the last 48 hours too, with DOT dropping by over 9% since the 22nd. At the time of writing, while some recovery efforts were underway, it was still too early to say whether a trend reversal was possible.<\/p>\n<p>Accompanied by a hike in trading volume over recent trading sessions, the <strong>Chaikin Money Flow\u00a0<\/strong>registered a sharp surge in capital inflows, pushing it towards zero. On the contrary, the\u00a0<strong>Parabolic SAR&#8217;s\u00a0<\/strong>dotted markers continued to highlight the bearishness of the prevailing market.<\/p>\n<p>According to reports, many projects facilitating cross-chain integration with the Polkadot ecosystem have rallied over the past few weeks, including projects such as REN and OCEAN.<\/p>\n<p>The aforementioned correction in price had been projected by a recent <a href=\"http:\/\/ambcrypto.com\/polkadot-price-analysis-20-march\/\" target=\"_blank\" rel=\"noopener\">analysis<\/a>. However, it&#8217;s worth noting that the same was predicated on DOT&#8217;s natural price movement, rather than a BTC-fueled correction.<\/p>\n<p><strong>DASH<\/strong><\/p>\n<figure id=\"attachment_149408\" aria-describedby=\"caption-attachment-149408\" style=\"width: 1805px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DASH-PASAA.png\"><img decoding=\"async\" class=\"wp-image-149408 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DASH-PASAA.png\" alt=\"\" width=\"1805\" height=\"784\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DASH-PASAA.png 1805w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DASH-PASAA-300x130.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DASH-PASAA-1024x445.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DASH-PASAA-768x334.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DASH-PASAA-1536x667.png 1536w\" sizes=\"(max-width: 1805px) 100vw, 1805px\" \/><\/a><figcaption id=\"caption-attachment-149408\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DASHUSD\/\" target=\"_blank\" rel=\"noopener\">DASH\/USD<\/a> on TradingView<\/figcaption><\/figure>\n<p>Dash, one of the crypto-market&#8217;s leading privacy coins, like DOT before it, was one of the many alts to take Bitcoin&#8217;s lead to fall on the charts. Unlike Polkadot, however, DASH stabilized following the fall on the 22nd. In fact, while the alt did drop by over 7.3% on that day, it has since consolidated around that price level.<\/p>\n<p>The altcoin&#8217;s technical indicators presented mixed signals. While the\u00a0<strong>Bollingers Bands\u00a0<\/strong>continued to project a degree of near-term price volatility, possibly in the southbound direction, the\u00a0<strong>Awesome Oscillator\u00a0<\/strong>pictured a hike in positive market momentum.<\/p>\n<p>DASH was in the news a few weeks ago after it was <a href=\"https:\/\/cointelegraph.com\/news\/payments-focused-cryptocurrency-dash-now-has-a-bridge-to-defi\" target=\"_blank\" rel=\"noopener\">revealed<\/a> that it will be launching an Ethereum DeFi bridge.<\/p>\n<p>Dash&#8217;s press time movement was in line with the price action underlined by a previous <a href=\"http:\/\/ambcrypto.com\/chainlink-uniswap-dash-price-analysis-23-march\/\" target=\"_blank\" rel=\"noopener\">analysis<\/a>, one which highlighted strong buying activity in the DASH market.<\/p>\n<p><strong>Dogecoin [DOGE]<\/strong><\/p>\n<figure id=\"attachment_149409\" aria-describedby=\"caption-attachment-149409\" style=\"width: 1805px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOGE-PAASA.png\"><img decoding=\"async\" class=\"wp-image-149409 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOGE-PAASA.png\" alt=\"\" width=\"1805\" height=\"784\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOGE-PAASA.png 1805w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOGE-PAASA-300x130.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOGE-PAASA-1024x445.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOGE-PAASA-768x334.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/DOGE-PAASA-1536x667.png 1536w\" sizes=\"(max-width: 1805px) 100vw, 1805px\" \/><\/a><figcaption id=\"caption-attachment-149409\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener\">DOGE\/USD<\/a> on TradingView<\/figcaption><\/figure>\n<p>Dogecoin, the market&#8217;s premier meme-coin, has been in the news a lot over the past few weeks and months, thanks to a series of price hikes and crashes and celebrity <a href=\"http:\/\/ambcrypto.com\/dogecoin-is-the-peoples-crypto-according-to-elon-musk\/\" target=\"_blank\" rel=\"noopener\">endorsements<\/a>. Like Polkadot, DOGE too has fallen steadily on the price charts since BTC fell below $54,000, with the alt registering a depreciation of almost 8% since.<\/p>\n<p>The scale of the aforementioned corrections was highlighted by its indicators as while the\u00a0<strong>MACD\u00a0<\/strong>line was well under the Signal line, the\u00a0<strong>Relative Strength Index\u00a0<\/strong>was skirting the oversold zone.<\/p>\n<p>Thanks to its wayward movement, quite a few questions have been <a href=\"http:\/\/ambcrypto.com\/when-is-the-right-time-to-buy-dogecoin\/\" target=\"_blank\" rel=\"noopener\">raised<\/a> about if and whether it&#8217;s a good time to buy Dogecoin. However, not everyone is elated at DOGE&#8217;s prospects, with Mike Novogratz recently <a href=\"http:\/\/ambcrypto.com\/mark-cubans-dogecoin-decision-is-a-mistake-mike-novogratz\/\" target=\"_blank\" rel=\"noopener\">calling<\/a> out Mark Cuban for Dallas Mavericks&#8217; Dogecoin decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s fall from over $57,000 to under $54,000 on the 22nd of March had a corresponding effect on the altcoin market, a market that shares a strong correlation with the performance of the world&#8217;s largest cryptocurrency. The price actions of alts such as Polkadot, Dash, and Dogecoin provided evidence of the same, with the larger<a href=\"https:\/\/ambcrypto.com\/polkadot-dash-dogecoin-price-analysis-24-march\/\">Continue reading <span class=\"sr-only\">&#8220;Polkadot, Dash, Dogecoin Price Analysis: 24 March&#8221;<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":149410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[],"class_list":["post-149405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Polkadot, Dash, Dogecoin Price Analysis: 24 March - 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