DASH Price Up 6.2% to $123.49 – Where to Buy DASH

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dash

Most cryptocurrencies in the market are noting considerable downtrends, with bitcoin crashing below $30K. This pullback has led to losses across the entire market, and very few coins have shown resilience to trade on profitable zones. DASH is among the few altcoins that have made gains despite the losses.

The coin is trading at $123.49 at the time of writing after a 6.2% gain in 24 hours.

DASH Price Analysis

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DASH has been consolidating at lower levels in the past weeks before finding the recent upswing that has jerked up prices. The current movement is promising for the token holders, given that it is still among the few tokens that are making gains while the rest of the market is in turmoil.

If the coin maintains the current upswing, it could break out past resistance at $135 in the coming days. Currently, short-term traders are looking for altcoins that are making gains to profit in the current pullback, and the token makes a considerable investment at the moment. Buying support is just what DASH needs to gain another uptrend.

Without market support, DASH’s uptrend could reach exhaustion sooner than later, in which case it will retest lower support at $100. The possibility of a downtrend is high, given that in one of the intraday sessions within the past 24 hours, DASH had clinched $143 before a correction happened shortly after.

The DASH/BTC pair is currently showing considerable gains, which could progress if bitcoin’s downtrend continues while DASH’s uptrend continues.

The token has clinched a firm place in the crypto market because of the increased cryptocurrency usage in Venezuela. Venezuelans have been using cryptocurrencies such as the coin to hedge against inflation. This could explain why since the beginning of July, the token has consolidated above $100.

The token is a privacy coin forked from the Bitcoin network. A privacy coin is designed with the end goal of hiding details such as transactions and address details. This has made these tokens attractive for parties who want to transact in privacy

Where to Buy the coin

If you want to buy the coin during the current uptrend, you can create a cryptocurrency exchange account on a reliable platform such as eToro. eToro is one of the leading exchanges that have become popular because of user-friendly features such as copy trading that allow new traders to copy the trading strategies of seasoned traders. eToro’s trading fees are also favourable.

Looking to buy or trade DASH (DASH) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Remember, all trading carries risk. Past performance is no guarantee of future results.

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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