DASH/USDT is seen trading well below on Wednesday. The pair has shown a slight recovery till USDT8.899 and started to decline from that level (Poloniex). It is currently trading around USDT8.69 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT9.04

Kijun-Sen level: USDT9.27

Trend reversal level - (100 days MA) – USDT11.09

Long-term trend remains to be bearish. DASHUSDT is facing minor resistance at USD9.01 (10- day MA) and any break above targets USDT9.26 (21- day MA)/USDT9.97 (55- day EMA).

Major resistance is around USDT9.01 (10- day MA) and any break above targets USDT9.26 (21- day MA)/USDT9.918 (55- day EMA). Short-term support is seen at USDT8 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).