Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
DASH coin is one of the oldest cryptocurrencies, having debuted on January 18, 2014. This coin, with its long history in the crypto market, has battled a downtrend for a long time, experiencing a remarkable rally from $0.214 to $1575 (an 11,000% increase) and then a significant decline to $20 (a 98% drop).
With the current price close to an all-time low, DASH is holding the support trendline at $22.3. A potential rebound from the current market price (CMP) is likely to test the primary resistance, which ranges between $40 and $47.
The lower support at $15 is there to hold the price if we witness any further decline.
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