DASH/USDT has declined sharply after hitting USDT9.98 levels (Poloniex). It is currently trading around USD9.01 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT9.32

Kijun-Sen level: USDT10.15

Trend reversal level - (100 day MA) – USDT11.28

Long- term trend remains to be bearish. The pair upside is capped by daily Kijun-Sen and any break above confirm minor bullishness.

Major resistance is seen at USDT9.54 (10- day MA) and any break above targets USDT10.15 (Daily Kijun-sen) /USDT10.30 (21- day MA). Short-term support is around USDT8.88 (Oct 26th low) and any break below targets USDT8.56 (26th Jul low).