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DASH Price Analysis: DASH/USD dips below the $100-mark

  • Market sentiment remains bearish, despite SMA 20 crossing over SMA 200.
  • DASH/USD has been trending in a downward channel pattern after it crossed above the 20-day Bollinger Band.
DASH Price Analysis: DASH/USD dips below the $100-mark
Rajarshi MitraRajarshi MitraIndependent Analyst

DASH/USD daily chart

DASH/USD daily chart

DASH/USD fell from $102.75 to $97.45, dropping below the $100-level in the process. DASH/USD has charted three straight bearish sessions in the daily chart after the bulls ran out of steam at the $110.60-level. Technical analysis shows us that DASH/USD has been trending in a downward channel pattern after it crossed above the 20-day Bollinger Band. The MACD indicates a reversal of bullish momentum, while the RSI indicator has dipped from the edge of the overbought zone to 57.80.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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