DASH faces delisting by Huobi, but how is the price behaving?

  • DASH is among the cryptocurrencies exiting Huobi Global

  • Privacy-linked tokens have been a target by global regulators for compliance

  • DASH is recovering, but the ongoing concerns could pose a challenge

There is a lot of uncertainty that faces security-focused cryptocurrencies. On September 12, Huobi Global said it was delisting several privacy tokens, including DASH. The company cited regulatory compliance in the move, which is expected to take off on September 19.

The delisting of privacy tokens by Huobi could be just a tip of the iceberg. The US has reportedly been looking into the case of privacy tokens since the Tornado Cash. Consequently, analysts have warned that it is just a matter of time before privacy tokens are brought to book.

There is no debate that privacy coins have a place in the crypto sector. Users are seeking anonymity, and tokens such as DASH have subsequently flourished. However, there is a tug of war with regulators that could soon culminate in further delistings.

DASH price and prediction after delisting news 

DASH has lost more than 7% in 24 hours since the delisting news came up. The losses, in addition to the delisting, occur due to market correction. Technical analysis indicates that DASH remains under the trenches.

Source – TradingView

DASH lacks momentum at the current trading level of $45. The level is close to the support of $40. The moving averages offer resistance from above. Although the MACD indicator is above the moving average, it is in the bear zone. The low momentum could add pressure and force a decline of DASH to $40. Investors should be wary of further downside.

Summary

DASH has held above the $40 support but lacks the momentum to push higher. The upside could be curtailed further by the delisting by Huobi.

 

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy DASH with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy DASH with Capital.com today

All Dutch and English crypto news!

MicroStrategy takes its BTC maximalism to the next level with new engineer hire

MicroStrategy, the business intelligence and tech company that holds the world's largest Bitcoin reserve, is hiring a Bitcoin Lightning software engineer to create a Lightning...

Crypto Biz: The Voyager Digital auction is over. What now?

Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week,...

Bitcoin retests key $20K level- can bulls get a higher close?

Bitcoin price rose sharply again on Friday as a dose of volatility helped BTC add nearly $1,000 within hours to top the $20,000 mark. Indeed,...

Crypto recap 30 september: WINACTIE Bitcoin Amsterdam

In deze video behandelt Axel de laatste ontwikkelingen in de crypto markt. Dit doet hij met de onderbouwing van nieuwsberichten en technische analyses. Op deze...

Beste exchanges

Koop je crypto bij Bitvavo