$DASH While some may think that the DASH currency has ended, the weekly chart tells a completely different story for the professionals.
The current price ($38.25) stands at a critical crossroads, and the data indicates that the "boring accumulation" phase is nearing its end.
🔍 Expert chart reading (Technical Deep Dive):
The secret of the long wick (The $150 Wick):
The giant tail that reached $150 last November was not in vain. In whale language, this is called a "liquidity footprint." The price always tends to return to fill part of this wick later.
Iron support (MA25):
Notice the purple line on the chart (moving average 25). The price respects it with extreme precision as a strong support area at levels $30 - $32. As long as we are above this line, the overall trend remains "upward" in the medium term.
Reversal signal:
The recent candles have started to turn green with a weakening in selling pressure. We are now trying to break through the small moving average (yellow MA7) at $39.5.
🚀 Next Week Outlook:
Positive scenario (most likely):
If we succeed in closing this week's candle above $40, the immediate target for next week will be the first resistance area at $48 - $52. (Potential increase +20%).
Negative scenario:
If the breakout fails, we will continue to oscillate sideways between $35 and $40 to gather more momentum.
#MarketRebound #DACH $BTC