Market Analysis: Dash Current State
Time for a fresh look at Dash. The market dynamics here are worth examining closely.
📈 Current Price Action
At $47.19, the price action has been relatively stable lately. We're seeing bearish pressure over the past week. The monthly chart shows significant correction from recent highs.
Dash price movement over the last 7 days
💰 Market Metrics
Market cap stands at $591.05M, placing it at rank #134. With $92.41M in 24h volume, we're looking at healthy trading.
| Metric | Value |
|---|---|
| Current Price | $47.19 |
| 24h Change | -3.97% |
| 7d Change | -18.06% |
| 30d Change | -62.84% |
| Market Cap | $591.05M |
| 24h Volume | $92.41M |
| Market Rank | #134 |
🪙 Supply Dynamics
There are $12.51M coins in circulation out of a maximum supply of $18.92M (66.11% circulating).
📊 Historical Context
The all-time high was $1.49K, and we're currently 96.83% below that level. The all-time low sits at $0.21, which means we're 22002.47% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.
🤔 My Take
The charts are showing us Dash is in a consolidation phase. The price structure show room for growth if fundamentals improve.
Remember, higher volatility means higher risk. Position sizing is crucial.
🎯 Final Thoughts
So that's my analysis of Dash. The data presents an interesting picture, and I think it's worth keeping on your watchlist. What's your take on this project?
This is not financial advice. Always do your own research before making investment decisions.
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