I don't think there is really something wrong with DASH, the general sentiment in the market is not that positive for the moment and all coins have dropped massively the last couple of months.
Sure, the market is all bearish and we sure cannot expect DASH to be in the same position without some product improvement anyway. So many coins and tokens are coming up every day with products that can create real life demand and usage and that makes them get that demand, gives them great value and we get to see them pushing some of this so called bitcoin wannabe down and down as possible. Dash in this case is not an exception of the ones that will be pushed down eventually.