AI Analysis: $DASH/USDT

Entry Price: 47.50

Target Price:

- TP1: 55

- TP2: 70

- TP3: 85

- Long-term Target: 104+

Stop Loss Price: Below 41

Reason for Buying:

1. Pattern Confirmation:

- Weekly level forming a "rectangle consolidation" breakout structure (neckline at 52), consolidation range height 11 (41-52)

- Measured increase = range height × 1.618 = 17.8 → Target Price 2 = 52 + 17.8 = 69.8 (actual rounded to integer 70)

2. Trend Structure:

- Monthly level breaking through the 2024 descending trend line (104→85 connection), price above MA(50) 50

- RSI(14) = 58 (neutral to bullish), MACD red bars expanding shows strengthening bullish momentum

3. Market Sentiment:

- 41-45 area showing a "panic selling - stepwise absorption" volume-price combination

- Continuous 8 weeks of trading volume shrinking to 60% of the 30-day average volume, showing exhaustion of selling pressure

4. Indicator Validation:

- OBV indicator hitting a new high for 2024, showing capital inflow

- Funding rate +0.255% (positive for 12 consecutive days), futures open interest surpassing $580 million

- On-chain data: exchange net flow -280,000 coins, whale holdings increased by 42%

Key Observations:

1. Support Overlap: Stop loss at 41 corresponds to the January 2024 low and the Fibonacci 61.8% retracement level

2. Volatility Expansion: Bollinger Band width expanding to 18% (highest in the last 30 days), breakout direction may bring 30%+ single-day volatility

3. Long-term Resistance: 104 is the 2023 high + Fibonacci 161.8% extension level, forming strong pressure

Trading Logic:

- Gradual Position Building:

- First Position: 52 (breakout of neckline)

- Add Position: 53 (breakout retest confirmation)

- Breakout Confirmation: closing price stabilizing at 52 and trading volume increasing to 2 times the 5-day average volume

- Target Progression:

- 55 (short-term resistance): take profit on 30% position

- 70 (Fibonacci 161.8%): reduce position by 50%

- 85 (yearly line pressure): remaining position betting on trend extension

This content is for reference only and should not be considered as investment advice.