{"id":19949,"date":"2023-04-17T18:29:11","date_gmt":"2023-04-17T18:29:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/why-dash-is-felll-sharply-today\/"},"modified":"2023-04-17T18:29:11","modified_gmt":"2023-04-17T18:29:11","slug":"why-dash-is-felll-sharply-today","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/why-dash-is-felll-sharply-today\/","title":{"rendered":"Why DASH is felll sharply today"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681754232882-052278c0-0601-4959-8821-fac9f98eed93-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681754232882-052278c0-0601-4959-8821-fac9f98eed93-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681754232882-052278c0-0601-4959-8821-fac9f98eed93-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681754232882-052278c0-0601-4959-8821-fac9f98eed93-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Dash price outlook after SEC lists tokens as securities in complaint against Bittrex.<\/li>\n<li dir=\"ltr\">DASH\/USD traded nearly 6% lower on Monday, with the 24 hour losses coming after the SEC news.<\/li>\n<li dir=\"ltr\">Cryptocurrencies were also down after Bitcoin and Ethereum retreated from recent highs.<\/li>\n<\/ul>\n<p dir=\"ltr\">The prices of <a href=\"https:\/\/coinjournal.net\/dash\/\">Dash (DASH)<\/a> and Algorand (ALGO) traded lower as the SEC\u2019s <a href=\"https:\/\/www.sec.gov\/litigation\/complaints\/2023\/comp-pr2023-78.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">complaint<\/a> against cryptocurrency exchange Bittrex listed the tokens among others as securities.<\/p>\n<p dir=\"ltr\">DASH price was down 5.8% on Monday afternoon (around 1:15 pm ET) as it traded near $58.19.<\/p>\n<h2 dir=\"ltr\">Dash price outlook- why is DASH down?<\/h2>\n<p dir=\"ltr\">As CoinJournal <a href=\"https:\/\/coinjournal.net\/news\/sec-sues-crypto-exchange-bittrex-and-its-ex-ceo\/\">reported<\/a> earlier, the SEC claims that Dash, Algorand, OMG Network, TokenCard and Naga investors had reason to expect profits for their investment. As such, the tokens should have been registered as securities.\u00a0<\/p>\n<p dir=\"ltr\">The regulator has charged Bittrex and its former CEO William Shihara for violating US securities laws.<\/p>\n<p dir=\"ltr\">Amid recent buy pressure, DASH\/USD had traded from lows of $54 on 12 April to hit highs of $62. It was the token\u2019s highest price since 24 March 2023 when it traded above $63,<\/p>\n<p dir=\"ltr\">However, with news of the SEC\u2019s complaint against Bittrex, Dash has retreated from intraday peaks. The dip sees DASH down more than 96% from its all-time high of $1,493 reached in 2017. During the last bull market, the price of Dash rose to $444.<\/p>\n<p dir=\"ltr\">The DASH market today did not just suffer from the news from the SEC. Earlier in the day, the broader crypto market had shed some of recently accumulated gains as a correction materialized. This after Bitcoin retreated from its recent pump to above $31,000 and altcoins that had briefly thrived in the wake of Ethereum\u2019s breakout to above $2,100 also cooled off.<\/p>\n<p dir=\"ltr\">While the view is bullish, Bitcoin price prediction suggests a retest of $28,800 as support is possible. In that case, a further dip for DASH could happen and see the price of the privacy-centric token head towards $54.\u00a0<\/p>\n<p dir=\"ltr\">The Dash daily RSI indicator is dipping downwards near the 50 mark, while the MACD is showing weakness after last week\u2019s strong move.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/dash-price-prediction-heres-why-dash-is-down-today\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Dash price outlook after SEC lists tokens as securities in complaint against Bittrex. DASH\/USD traded nearly 6% lower on Monday, with the 24 hour losses coming after the SEC news. Cryptocurrencies were also down after Bitcoin and Ethereum retreated from recent highs. The [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19949"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19949"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19950"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}