The cryptocurrency just broke a significant resistance level on the downtrend. The price fell more than 33% in just two trading sessions reaching a new low since the beginning of the year.
After moving sideways for a while, Dash finally broke the range where it traded for more than 12 sessions. The Bollinger bands are slightly opening, which is good news for the crypto. We can expect higher volatility in the short term.
The overall trend continues being downwards. The short-and long-term moving averages are still moving down, indicating a downward trend; however, the gap between them is shorter, and we could have a crossing in the mid-term.
Our parabolic SAR indicator suggests that the downward trend will continue. Still, our relative strength index is currently at 33%, recovering from an oversold status, making it hard for the downtrend to continue.
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