DASH/USDT is seen trading below in red on Friday. The pair has declined sharply after hitting USDT9.95 levels (Poloniex). It is currently trading around USD9.48 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT9.90

Kijun-Sen level: USDT10.64

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

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

Major resistance is seen at USDT9.90  (daily Tenken-Sen) and any break above targets USDT10.14 (61.8% retracement of USDT10.92 and USDT8.88) /USDT10.65 (daily Kijun-Sen). Short-term support can be noticed at USDT8.88 (Oct 26th low) and any break below targets USDT8.56 (26th Jul low).