DAV Coin Experiences a 190.07% Rally and May Hit a High of $0.02319

Cryptocurrency News Price Analysis

DAV Coin buyers have finally proven that they have the buying ability to push it into the bullish zone. It has happened after a long time that the price of DAV Coin has managed to grow up to a high mark.

DAV Coin’s Low Price Run

Even when DAV Coin stepped foot into the month of March, it was hovering at a lower price. According to the price analysis report from CoinMarketCap, DAV Coin exhibited a low price of $0.001286 per DAV.

As the days passed for the month of March, the bulls tried hard to push the price of DAV Coin over the $0.001400 per DAV spot. Every time the bulls mustered up the strength to launch a strong rally, the bears killed the competition with a strong selling force.

Between March 10 and March 13, the situation became even worse for the bulls as the bears launched a huge selling spree. This resulted in bringing the value of DAV Coin down to $0.0008888 per DAV.

From March 14 onwards, the trend line for DAV Coin recorded a rebound, which showed that the price of DAV Coin grew up to $0.001400 per DAV. This was a positive sign for the bulls but the bears again launched their selling on March 17.

However, this time, their attack wasn’t as strong as it was in the past. This is the reason why with the maximum pressure exerted, the bears were only able to bring DAV Coin down to $0.001193 per DAV.

Strong Comeback from DAV Coin

Despite the bearish trend, the bulls still managed to fight against the bears with their strong sentiments. In the past few days, the bulls continued buying the dips that were created by the bears.

However, the bulls launched a 190.07% rally in the past 24-hours that has pushed the price of DAV Coin up to its current strong mark ($0.006513).

Technical Indicators for DAV Coin

Despite the bearish trend, the really strong rally launched by the bulls has brought the RSI and the moving averages for DAV Coin towards the bullish trend.

At present, the relative strength index for DAV Coin is at 47.21 and the moving averages are at “neutral” sentiments. The bulls have managed to push the RSI and the moving averages to these levels from strong negative sentiments.

DAV Coin’s Upward Movement to $0.02319

If the rallies continue, it is expected that the RSI and the moving averages for DAV Coin may soon move to the positive side. With constant support from the technical indicators and the investors, the price of DAV Coin may rise to $0.01873.

If the bulls keep building pressure over the bears with their strong buying power, then the price of DAV Coin may get pushed up to $0.02319

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