DASH/USDT is seen trading slightly above on Monday, after the plunge. The pair has broken major support USDT9 and declined sharply till USDT8.31 levels (Poloniex). It is currently trading around USDT8.57 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT9.12

Kijun-Sen level: USDT9.27

Trend reversal level - (100 days MA) – USDT11.18

Long- term trend remains to be bearish. DASHUSDT is facing strong support at USDT8 and nay break below confirms further weakness.

Major resistance can be noticed at USDT8.85 (5- day MA) and any break above targets USDT9.25 (10- day MA)/USDT9.62 (100- day MA). Short term support is seen at USDT8 (Oct 29th low) and any break below targets USDT6.70 (7th Jul low).