DASH, just like other altcoins, rebounds from the 52-week low price that it had hit in the previous trading week around $40. DASH/USD makes the growth of over 5% and currently trades at $42.042. The downtrend is quite notable as the coin started the ongoing trading month with a plunge.
The coin had a temporary upscaling around the price area above $76 in the last week of November, which happened to be the bearish red candle breakout. The steep fall in the past week took the price of DASH to mark a fresh 52-week low.
As per the red dotted line, we believe the price of the coin to have a rising wedge if there happens to be a considerable momentum. Although, the bearishness and selling pressure remains intact as the coin has no support from the daily imminent moving averages.
The RSI of the coin is at 35.85 and is inclined towards the oversold region.