Dash’s price today is 101.07 USD, with a 24-hour trading volume of 253.35 M USD. DASH is down -14.98% in the last 24 hours. It is currently -29.16% from its 7-day all-time high of 142.67 USD, and 1.15% from its 7-day all-time low of 99.91 USD. DASH has a circulating supply of 10.54 M DASH and a max supply of 18.90 M DASH.
Bitcoin attempted a recovery on Jan. 20 when bulls pushed the price to the 20-day exponential moving average (EMA) ($43,041). However, the bears had other plans as they sold this rise and pushed the price lower as seen by the long wick on the day’s candlestick.
The selling continued on Jan. 21 and the BTC/USDT pair has broken below the strong support at $39,600. There is minor support at $37,332.70. The bulls are likely to defend this support zone with all their might.
The oversold level on the relative strength index (RSI) also points to a possible consolidation or a rebound. If the subsequent relief rally rises above the 50-day simple moving average (SMA), it will indicate that the downtrend may be over.
Conversely, if the price plummets below the support zone, the bearish momentum could pick up and the pair may slide to $30,000.