Home Dash Price Analysis:  Heavy bearish action sees DASH/USD drop below the $100-level
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Dash Price Analysis:  Heavy bearish action sees DASH/USD drop below the $100-level

FX Street
Updated:
  • DASH/USD dropped from $103.70 to $95.58 this Tuesday.
  • The Elliott Oscillator fell from 18.69 to -13 over the last two weeks.

DASH/USD daily chart

DASH/USD daily chart

DASH/USD had a significantly bearish Tuesday where the price dropped from $103.70 to $95.58. The price is presently consolidating in a triangle formation and has found support on the downward trending line and is trading for $96.50. The bulls will need to defend the support at $93.75 to make sure that the price doesn’t dip any further. The MACD indicator shows sustained bearish sentiment, while the Elliott Oscillator fell from 18.69 to -13 over the last two weeks. Finally, the RSI is hovering a little above the oversold territory around 40.
 

FX Street

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