DASH/USDT is seen trading below in red on Friday. The pair is trading in a narrow range between 9.26 and 8.64 for the past seven trading days (Poloniex). It is currently trading around USDT8.630 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT8.73

Kijun-Sen level: USDT9.37

Trend reversal level - (100 days MA) – USDT10.68

Long- term trend remains to be bearish. DASHUSDT faces strong support at USDT8 and any break below USDT8.20 confirms further weakness.

Major resistance can be noticed at USDT8.83 (10- day MA) and any break above targets 9.37 (daily kijun-Sen)/USDT9.73 (200- day MA). Short-term support is seen at USDT8.20 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).