Dash Price Analysis: DASH/USD bounces up from $85 support line amidst heavy bearish sentiment

• The MACD indicator has had bearish dominance for more than a month.
• The Elliott Oscillator dropped from 18.90 to -21 over the last 16 days.

DASH/USD daily chart

DASH/USD buyers retained control of the market for the second consecutive day as price went up from $89.54 to $92.25 in the early hours of Friday. The price is hovering below the SMA 20 and SMA 50 curves. The MACD indicator has had bearish dominance for more than a month, while the Elliott Oscillator dropped from 18.90 to -21 over the last 16 days. The RSI indicator was flirting with the edge of the overbought zone two days back, but the recent bullish price action has pushed it up to 41.65.