Crypto Technicals: DASH/USD resumes downside after brief pause, bias bearish

DASH/USD chart - Trading View

Exchange - Kraken

Support: 94.86 (Lower BB); Resistance: 115.10 (200-DMA)

Technical Analysis: Bias Bearish

DASH/USD has resumed weakness after brief pause on Wednesday's trade.

The pair trades with a bearish bias with GMMA indicators showing both short and long term MAs sloping downward.

Unsuccessful attempts by bulls to pull the pair back above 200-DMA further reinforces bearish bias.

Stochastics RSI is showing a rollover from overbought levels and momentum studies are bearish.

Dip till lower Bollinger band at 94.86 likely. Next major supports align at 95.40 (trendline) and 93.10 (78.6% Fib).

5-DMA is immediate resistance at 106.53. Decisive breakout at 200-DMA negates bearish bias.

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