Dash (Darkcoin)

DASH Market Report: Christmas Party Over for $DASH & Crypto

Brief:


The bears have taken control of the crypto markets as a major correction to unsustainable prices has begun. DASH is down -36.67% in 24 hours, up 3.24% on the week and up 179.69% on the month on a last price of $957.62. The DASH marketcap is $7,439,106,259 with a circulating supply of 7,768,328 $DASH. $DASH/USD is trading between a 24hr high of $1,488.50 and a 24hr low of $880.00 on a 24hr Bitfinex volume of $60,543,900. In moderate volume trading the weekly trend is mixed.

Last price

957.62 $DASH/USD

$USD

last price $ 957.62
one week ago $ 927.54
percentage 3.24%

Volume

Volume

$DASH 24 hour volume
USD $60,543,900
all $DASH currencies $479,300,000

The 24 hour volume for $DASH/USD on Bitfinex is $60,543,900. This volume weight is moderate when compared with Bitfinex daily trading levels for $DASH over the last month.

The total 24 hour volume for all reporting $DASH markets is $479,300,000.

Market Share

The Bitfinex currency pair $DASH/USD is 12.63% of all $DASH traded in twenty-four hours. Bithumb leads the daily market share with 16.37%.

Remarks

The bears have taken control of the crypto markets as a major correction to unsustainable prices has begun. DASH is down -36.67% in 24 hours, up 3.24% on the week and up 179.69% on the month on a last price of $957.62. The DASH marketcap is $7,439,106,259 with a circulating supply of 7,768,328 $DASH. $DASH/USD is trading between a 24hr high of $1,488.50 and a 24hr low of $880.00 on a 24hr Bitfinex volume of $60,543,900. In moderate volume trading the weekly trend is mixed.

$DASH is not alone and is joined by all other top ten cryptos with net price loss in twenty-four hours:

Industry Wide Correction
Data courtesy CoinMarketCap.com

We are seeing an industry wide price correction. Bitcoin reached $19,891 on Bitfinex last week. This price bubble was driven by institutional buyers and ‘traditional’ Christmas buyers/traders. Buoyed by favorable news and in a market of good cheer and spirit, the bubble saw record prices for many digital assets. These unsustainable prices are now correcting.

How far will Dash fall?
The next major support level for $DASH is in the $870 range. There were about five consecutive days of support at this level just last week.

Below this support is seen at $760 and then lower at $650.

While much of the fall may have already happened it partially depends on the price of bitcoin as to how much further the drop will be. Bitcoin is extremely bearish at this time – down -22.88% in twenty-four hours with double digit percentage losses on previous days.

CoinMarketCap.com YTD Chart

One Day Candles

Browse DASH Collection

Learn about the unique characteristics of $DASH. Browse our collection of DASH Market Reports.

Friday December 22 2017 Bitcoin Background

Altcoins such as DASH may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-22.88% price $12,809.90
vol $18,165,900,000
mktcap $214,651,484,801
16.76M #XBT 13:58 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Price change

Price change is the $DASH percentage change within the period:

period change
day -36.67%
week 3.24%
month 179.69%

Highlight Chart

Tap / click to enlarge:

DASH is down -36.67% in 24 hours, up 3.24% on the week and up 179.69% on the month on a last price of $957.62.
DASH is down -36.67% in 24 hours, up 3.24% on the week and up 179.69% on the month on a last price of $957.62.

Data source

Bitfinex is the main data source for this report. Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the DASH market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 7,439,106,259
Circulating supply 7,768,328
Last price $ 957.62
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 1488.50
daily low 880.00

Trend

The weekly trend is mixed. This market trend is presently changing. The trend is transitioning into a sizable downturn.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day 1488.50
week 1568.70

Support

Support is the lowest price within the period:

period support
day 880.00
week 828.00

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

The bears have taken control of the crypto markets as a major correction to unsustainable prices has begun. DASH is down -36.67% in 24 hours, up 3.24% on the week and up 179.69% on the month on a last price of $957.62. The DASH marketcap is $7,439,106,259 with a circulating supply of 7,768,328 $DASH. $DASH/USD saw weekly and all time resistance at $1,568.70 and weekly support at $828.00. Market sentiment is bearish. The weekly trend is mixed – transitioning to “down” – in moderate volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Friday December 22 2017 13:50 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Thanks for reading! 🙂

Tags

DASH, $DASH, USD, Bitfinex, Market, Report, $DASH/USD, altcoins

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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