Dash (DASH) couldn’t avoid the involvement in a mini-crisis that impacted the entire cryptocurrency market in the first week of September. But even prior to that crash, DASH has been retracing for three weeks in a row, losing a total of 40% in the period from August 3 until the first days of September.
1-week DASH/USDT chart
The hope for bullish reversal still lives
It has proven to be the biggest pullback since February, which eventually led to the market meltdown in the middle of March, which put DASH traders in a tricky situation. There is obviously a great concern that the altcoin could go into an even deeper correction that would ultimately lead to the price levels near $40, seen during the coronavirus crash.