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  • 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/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.