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DASH/USD: Bears dominate as price goes down by 5% in one day

FX Street
Updated:
  • DASH/USD bears dominated the market this Wednesday as the price went down from $83.30 to $79.
  • Technical indicators show an overall bearish sentiment.

DASH/USD bears had a field day this Wednesday as the price went down from $83.30 to $79, witnessing a drop of 5% on market speculation. Future price drop maybe expected as technical indicators show an overall bearish sentiment.

DASH/USD daily chart

Bears were able to breach past the support provided by the upward trending line. The market is now also trending below the 20-day simple moving average (SMA 20) curve. The moving average convergence/divergence (MACD) histogram shows us that the market momentum has shifted over from the bulls to the bears.
 

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