The currency $DASH is currently trading at $59.44 on the Binance platform. We are witnessing a critical test of the psychological support area between $59.00 and $60.00. On-chain data reveals significant regulatory concern following a recent crackdown on privacy coins, resulting in a 2.7% decline over the past 24 hours as traders take profits after a massive monthly increase. Technical indicators suggest that the MACD chart has turned negative, and the RSI (52.87) is weakening, indicating that if the $59.00 level fails, a rapid drop towards the structural support at $56.00 is likely.

DASHUSDT

Perp

56.71

-8.23%

Trade:

Entry: 59.40 – 59.60 (Sell/Short on breaking support or retesting resistance)

Take Profit (TP): 56.25 (Fibonacci support and major structural support)

Stop Loss (SL): 62.85 (Above immediate pivot resistance)

Leverage: Medium (10x - 12x)

Risk Warning:

High-risk speculation. The currency $DASH remains volatile with price fluctuations of 28.78%. Regulatory news may cause immediate and unexpected price gaps. Stick to the stop loss.