{"id":420862,"date":"2024-09-06T04:30:16","date_gmt":"2024-09-05T23:00:16","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=420862"},"modified":"2024-09-05T16:43:48","modified_gmt":"2024-09-05T11:13:48","slug":"dash-price-prediction-remains-bearish-will-the-altcoin-fall-below-20","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dash-price-prediction-remains-bearish-will-the-altcoin-fall-below-20\/","title":{"rendered":"Dash price prediction remains bearish: Will the altcoin fall below $20?"},"content":{"rendered":"<ul>\n<li><em>Dash has stabilized the downtrend from April by forming a range since July.<\/em><\/li>\n<li><em>DASH was unable to flip the mid-range level to support and hold it.<\/em><\/li>\n<\/ul>\n<p>Over the past two months, <a href=\"https:\/\/ambcrypto.com\/predictions\/dash-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Dash [DASH]<\/a> has traded within a range. It had a 24-hour trading volume of $36 million, according to <a href=\"https:\/\/coinmarketcap.com\/currencies\/dash\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a>, and the price trend did not signal that a trend shift would be underway soon.<\/p>\n<p>The market-wide sentiment was bearishly poised after <a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a> tumbled below $60k. This short-term bearish momentum could drive DASH downward in the coming days.<\/p>\n<h2>The range lows beckon<\/h2>\n<figure id=\"attachment_420913\" aria-describedby=\"caption-attachment-420913\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price.png\"><img decoding=\"async\" class=\"size-full wp-image-420913\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price.png\" alt=\"DASH 1-day TradingView\" width=\"1940\" height=\"1010\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-price-1200x625.png 1200w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-420913\" class=\"wp-caption-text\">Source: DASH\/USDT on TradingView<\/figcaption><\/figure>\n<p>Since the first week of August, DASH has traded within a range (yellow) that has extended from $21.85 to $28.64. On the 3rd of September, the mid-range level at $25.26 was tested as resistance and the bulls were rebuffed.<\/p>\n<p>The CMF was at -0.02 and did not show significant capital flow in either direction. On the other hand, the MACD on the daily chart showed the momentum was bearish. This suggested that the range lows could be revisited.<\/p>\n<p>The lower timeframe market structure supports this idea as well, after the rejection from the $25 resistance zone.<\/p>\n<p>In the past two months, each revisit to the range lows has dropped below $20 momentarily. Traders would want to be prepared for that kind of volatility in the event of another price drop.<\/p>\n<h2>Hopes of a price recovery were dashed<\/h2>\n<figure id=\"attachment_420912\" aria-describedby=\"caption-attachment-420912\" style=\"width: 1841px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass.png\"><img decoding=\"async\" class=\"size-full wp-image-420912\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass.png\" alt=\"Dash Open Interest\" width=\"1841\" height=\"602\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass.png 1841w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass-300x98.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass-1024x335.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass-768x251.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass-1536x502.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PP-2-DASH-coinglass-1200x392.png 1200w\" sizes=\"(max-width: 1841px) 100vw, 1841px\" \/><\/a><figcaption id=\"caption-attachment-420912\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\" target=\"_blank\" rel=\"noopener\">Coinglass<\/a><\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/dash-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Dash&#8217;s [DASH] Price Prediction<\/a> 2024-25<\/p>\n<hr \/>\n<p>In the final week of August, the upward trend of the Open Interest began to reverse. The price also reversed its short-term uptrend at the $27 level and was quick to fall to $22.<\/p>\n<p>This was a sign that speculators were not confident of sustained gains. Combined with the downtick in the CMF indicator, the market was not ready to bid and DASH is likely to post further losses in the coming days.<\/p>\n<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DASH&#8217;s price action and the Open Interest trends of the past week show bearish short-term expectations.<\/p>\n","protected":false},"author":57,"featured_media":420936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,23,4,20],"tags":[6427],"class_list":["post-420862","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view","tag-ambcrypto"],"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>Dash price prediction remains bearish: Will the altcoin fall below $20? 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