The cryptocurrency continues to lose ground to the USD, it suffered a massive 39.2% loss in early December and has not yet been able to recover and go back to the $190s level since November 25. The general trend continues to be downwards, although we could see consistent small gains in the short term.
The Bollinger bands are closing up which will bring lower volatility to Dash, the price might enter a consolidation period and continue to move sideways like it has fr the last few weeks. Our parabolic SAR indicator suggests that the price will continue to fall in the short term, which is a possibility under current conditions.
The relative strength index is at 40%, the highest level in almost all month, there could be some response from the price and start to climb slowly but steadily. The price is getting closer to the short-term moving average line, if it manages to go above it, we will have a solid sign supporting our prediction.
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