๐ฅ $DASH Bullish Outlook ๐
Price has repeatedly rejected the 42.3 level, establishing a strong support zone. This 24H low has proven resilient, indicating significant buying interest.
A recent breakout above 44.0 was accompanied by expanding volume, validating the upward move. This signals increasing momentum for $DASH.
Immediate resistance stands at 44.85. A sustained break above this level could trigger a move towards 45.82.
Recent 1H volume shows increased activity during upward moves, supporting bullish price action. Contract funds exhibit strong net inflows ($805K in 1H, $1.17M in 4H), suggesting leveraged traders are positioning long. Spot markets confirm genuine buying interest with consistent, albeit milder, inflows ($216K in 1H).
Entry long $DASH: 43.8-44.2 (on pullback to support)
SL: 42.2 (below key support)
TP $DASH:
Primary: 45.8 (resistance)
Secondary: 47.0 (next resistance)
Failure to break above the 44.85 resistance may lead to extended consolidation between 42.60-44.85.
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(DASHUSDT)
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