DASH/USDT has formed a minor bottom around USDT8.30 and slightly recovering from that level (Poloniex). It is currently trading around USDT8.70 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT8.745

Kijun-Sen level: USDT9.06

Trend reversal level - (100 day MA) – USDT10.48

Long-term trend remains to be bearish. DASH/USDT faces strong support at USDT8 and any break below USDT8 confirms further weakness.

Major resistance is around USDT8.78 (21-day MA) and any break above targets 9.06 (daily kijun-Sen)/USDT9.46 (55- day EMA).   Short-term support is seen at USDT8.20 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).