- Dash follows others in the downturn.
- Breaks down of a downward sloping channel.
Dash follows other cryptocurrencies in the downturn that resumed in the week gone by and fell by 17 percent, although the bottom is still not in place and it has some more pain left before it any short term dead cat bounce.
DASH/USD is up on day at $136.81 after bouncing from day’s low of $133.89. On the 360-minute chart, the crypto was oscillating in a lower high, lower low downward sloping channel, which broke down this week, resulting in rising volatility and some quick moves on the downside.
Target for this breakdown is towards $115-120 before the prices can stabilise and and any meaningful bounce to occur.
DASH/USD 360-minute chart:
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