Dash (DASH) reflected strong bearish influence in yesterday’s movement. The drop was massive, but the entire market was spotted making second guesses about the improvement. And at the time of writing this analysis, the currency has marked a slight upward move. If the same momentum persists, it will help the coin to recover from the weeklong drop. Dash is likely to be good for the long-term traders.

DASH Price Analysis

Yesterday, DASH coin was trading at $105, and in the 30 minutes, it escalated to $106.85. Then, the currency faced steep fall and the price touched $103 but it improved again and reached $105.81 at 04:15 UTC. From this price point, the coin dropped to $104.23 and again, it managed to recover and touch $105 mark. Later, DASH cryptocurrency exhibited a moderate downtrend with few ups and downs. The price moved to $100 at 13:06 UTC but soon improved to $103. From $103, the price fell to $99.73 but this time it improved immediately with a steep hike and touched $104 by 4.41%. At the time of closing hours, the price dribbled to $102 by 1.80% at 21:19 UTC and then, it recovered to $104.91.

Today, Dash coin price dropped to $103 within the first few hours of opening. With a few ups and downs, the price is spotted improvement. The price counters changed from $104 to $103 and then $105 and at 04:02 UTC, it touched $106 mark. However, the price slipped to $105 at the time of writing.

DASH price seems near the immediate resistance level at $107. The same might get violated in the upcoming hours. The currency might float around the mentioned level for the rest of the day.

Binance Coin (BNB) had not started the year on a good note but later had managed to outsmart the bear pressure at regular intervals. The past week even saw a bullish momentum during the start of the week, but the bears got too strong by the end of the week. The price movements have been in the range between $22.08- $27.23 over the past seven days.

Binance Coin Price Analysis

BNB coin price has had a good start to the week, with the price being mostly in the upper range though the bear pressure got stronger towards the end of the week. The coin was trading at $27.2326 on February 13. Then, on the same day, Binance Coin’s price went down to $24.7473 by an 8.91% drop. After registering this fall, the currency started trading upwards and reached $26.42 by a moderate hike of 6.97% on the next day. Then, the BNB price traded in a similar range for a while and then faced a steep fall. The coin touched $23.91 showing a downward variation of 9.35%.

On February 16, Binance Coin’s price marked a moderate recovery and reached $25.2005 by 5.26% hike. However, this was short-lived as the price again went down by a massive drop of 11.86% on the same day at $22.1742 but then, the currency again managed to recover and reached $23.6216 by 6.66%. On the next day, the BNB coin fell again and reached $22.086 by 6.50%.

At the time of writing this analysis, Binance Coin’s price was trading at $23.3700 with moderate upside momentum. Analysts expect the coin to go for a bullish run during the year. Investors can continue to keep their existing investments as the BNB coin is expected to show great potential for the future.

Chainlink (LINK) has not been able to perform well during the start of the year due to the continual bearish pressure in the crypto market. Even the past one-month price trend presents a dismal performance for the currency, with the price being mostly below the baseline. And recently, the currency has shown a strong upward move amidst heavy fluctuations. The price of LINK crypto has been fluctuating in the range between $2.8 – $4.7 over the past 30-days.

Chainlink Price Analysis

LINK price has been in the doldrums since the bearish momentum took over the crypto market and continues to be under strong bearish grip as seen from the last 30 days’ price trend. Chainlink started the month on a low note at $2.8007 on January 19. It further fell to $2.4989 by 11.48% fall in the next 5 days. There was a slight recovery marked on January 30, with the price being at $2.8729, the recovery being at 15.49%. The price of LINK again had a fall on February 04, where it fell to $2.69 by a marginal drop of 5.48%. From this low, the currency started trading upwards steadily and reached a high of $4.1523 by a huge hike of 54.27%.

After reaching at this high, the LINK price corrected down to $3.8571 on February 13 by a moderate drop. Later, the price again escalated to $4.7362 showing an upward movement at 22.79%. The current day’s price of Chainlink has fallen to $4.4728. The coin has shown good recovery during the fag end of the 30-day price movement but has to be seen in the coming days, whether the coin will be able to maintain this stable upward momentum as the bear pressure is still too strong.

Analysts expect the crypto market to show more stability during the year and LINK coin to follow suit. Investors should wait for the crypto market to be more stable and continue to hold on to their investments. Day traders can still make decent gains if the coin continues to perform like the last few days.

Dash coin exhibited huge improvement in the first 45 days of the quarter. The price was spotted touching new highs every other day. During the last seven days, the coin was seen breaching 30-days high once again and setting a new at $136. However, in the last two days, the price of Dash cryptocurrency has been dropped badly. The price fell to $120 level yesterday, and today, it is hovering around $105 mark.

DASH Price Analysis

Yesterday, Dash coin was trading at $120 in the initial hours, but then, the price picked up the pace and touched $123 by a moderate hike of 2.64%. Later, the price locked around $121 till 12:01 UTC. From this price point, DASH currency started trading downwards and the price dropped to $101 by a massive fall of 16.51%. After registering this low, the coin marked a moderate hike to $110 by an 8.96% hike. Dash price dropped to $106 at 19:52 UTC and then, it moved to $112 by 5.41%. The intraday movement reflected 8.25% regression.

Today, Dash crypto began the day with a moderate plunge. The price counters moved from $110 to $103 by 6.29% fall. Later, the currency hanged tight around $104. As per the MACD indicator, the signal line moved above the MACD line recently. The same might reflect the downside movement of the coin in the upcoming hours. This can be taken as an indication of a further drop. A few minutes ago, Dash was spotted breaching the immediate support level at $103. The coin has recovered but the possibility of dropping to the next support level at $94.51 in the upcoming days.

Resistance & Support Levels

R1: $122.13, R2: $132.47 and R3: $141.11

S1: $103.15, S2: $94.51 and S3: $84.17

The current movement of IOTA is reflecting the possibility of a price correction to support zone. The fluctuation is also felt since yesterday. However, if we broaden the scale to monitor the movement of the coin, then IOTA could be seen registering an almost 47% hike. The price was at $0.213 on January 15, and today, it is at $0.314.

IOTA Price Analysis

IOTA coin was trading at $0.213 on February 15, and in the next 5 days, it escalated to $0.243. Then, the currency locked around the same level. Further, the coin kept upward momentum intact and by January 29, the IOTA price was marked a 24.92% hike and reached $0.292. The coin again locked at the same level till the starting of February. The opening of February month was moderate.

By February 03, the IOTA price was at $0.366 at 09:00 UTC. Then, it dropped to $0.320 by steep fall of 12.54%. After this fall, the currency hovered around the same level, and then, the price slipped to $0.302. After this fall, IOTA marked upward move and escalated to $0.349 on February 12. From January 15 till today, IOTA reflected a 46.82% hike in the price.

As per the MACD indicator, the signal line overpowers the MACD line and the same indicates that the coin may correct downwards in the upcoming hours. The current price of the IOTA coin is $0.314. The currency titled towards the immediate support level at $0.307. The same might get violated in the coming hours.

Resistance & Support Levels

R1: $0.342358, R2: $0.362219 and R3: $0.377484

S1: $0.307232, S2: $0.291967 and S3: $0.272106

Binance Coin (BNB) price has been trying to get out of the bearish sentiment since the start of 2020. The coin has seen intermittent levels of upward and downward trends with the bears ruling the roost most of the time of January. The price of BNB coin has been showing a strong uptrend after a sluggish start to the week as seen from the seven-day price chart. The price has been shuffling in the range between $20.53 – $25.58 over the past seven days.

Binance Coin Price Analysis

BNB price has been trading with a strong bullish trend as seen from the seven-day’s price chart. The price was below the baseline on February 07 with the price being at $20.5366. With the price continuing below the baseline, the coin still managed to recover at $22.2579 on the same day showing an upward momentum to the extent of 8.60%. With the market volatility continuing, the price of Binance Coin fell to $20.9818 showing a downward movement of 5.67%.The coin went up on February 09 when the price reached a high of 11.60% at $23.45. It fell marginally to $22.88 on the same day, the fall being at 2.47%. From then on, the price of BNB coin went up and moved above the baseline and reached $25.58 on the next day by 11.93% hike. With the volatility continuing, the currency once again fell to $24.26 by 5.16% drop on February 11. Today, the price of BNB coin has shown a remarkable recovery, and the price touched $25.65.

Binance Coin has been trying to trade above the next resistance $29 or higher. Analysts are banking on the ability of the coin to bounce back after sluggish downturns and expect the coin to pick up its winning momentum during the year.

Investors should not worry about the current volatility in the crypto market as it is a short-term trend, and the market is expected to show more stability during the year. Day traders can continue to trade and make good gains.