DASH/USD: Bears dominate as price goes down by 5% in one day
|- DASH/USD bears dominated the market this Wednesday as the price went down from $83.30 to $79.
- Technical indicators show an overall bearish sentiment.
DASH/USD bears had a field day this Wednesday as the price went down from $83.30 to $79, witnessing a drop of 5% on market speculation. Future price drop maybe expected as technical indicators show an overall bearish sentiment.
Bears were able to breach past the support provided by the upward trending line. The market is now also trending below the 20-day simple moving average (SMA 20) curve. The moving average convergence/divergence (MACD) histogram shows us that the market momentum has shifted over from the bulls to the bears.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.