$DASH is showing persistent weakness, trading below all key moving averages and struggling to find bullish footing. After a steady decline from $70 highs, price has dropped 2.29% to $53.40, signaling that the bearish structure remains intact. Every attempt at a bounce has faced stiff resistance, particularly in the $55–$59 zone, where moving averages continue to act as a wall against buyers.
The coin’s recent rebound from $37 levels is starting to lose momentum, and volume remains subdued, hinting that bulls are running out of steam. Without a decisive reclaim of $55+, the downside remains the path of least resistance. Traders should be prepared for potential continuation lower, but the market always has surprises in store.
Trading Scenarios to Watch
Long Position:
Targets:
TP1: $55.50
TP2: $58.00
TP3: $61.00
Stop Loss: $51.50
For bulls to regain control, needs to break above key moving averages and reclaim the $55 level. If this happens, a measured rebound toward $58 and $61 could be on the cards, offering an exciting recovery opportunity.
Bearish Outlook:
If $DASH fails to hold the current level and volume picks up on the downside, we could see a retest of lower support levels, potentially revisiting areas below $50. Patience is key — jumping in too early could put traders at risk in this volatile environment.
Key Takeaways
$DASH is at a critical juncture. Bulls are fighting to defend the $53–$55 zone, but with moving averages acting as resistance and volume muted, the market is clearly testing their resolve. Every bounce, every attempt to push higher, is a test of strength — and only the clean reclaim of $55+ will signal a shift in momentum.
Traders should stay disciplined, watch the charts, and let price action lead. The thrill lies in these moments of uncertainty, where a breakout or breakdown could create sharp, rapid moves for those ready to act.
