DASH on the 6H timeframe is currently trading around 40.89 after an explosive vertical move that sent price from the 35 region all the way to a spike high near 56.00 before a near complete retrace back to where the move originated.
Price is now sitting at the 40.00–42.00 horizontal zone that acted as resistance throughout the
April consolidation, with the rising trendline from the April lows now approaching from below near 37.00–38.00, creating an important confluence area just below current price.
The pattern mirrors a classic post-spike liquidity event where the initial move is fully given back before the real directional move begins.
Key Levels To Watch
56.00 → Spike high, major resistance above
50.00–52.00 → Prior spike consolidation zone, resistance
46.00–48.00 → Mid-spike support zone, now resistance
40.00–42.00 → Horizontal support zone, current test
37.00–38.00 → Rising trendline support (dynamic, climbing)
Below 29.60 → Full structure breakdown
The key question now is whether the 40.00–42.00 horizontal zone holds as support and the rising trendline near 37.00–38.00 provides a floor for a second leg higher.
A hold above 40.00 and a recovery back above 44.00–46.00 would suggest the spike was not a pure liquidity event and a second push toward 50.00+ remains possible.
A break below 40.00 shifts focus to the rising trendline near 37.00–38.00 as the last key support before a deeper structural pullback.
This is a post-spike decision point.
Hold 40.00–42.00 → recovery possible, eyes on 46.00–50.00.
Lose 40.00 → trendline at 37.00–38.00 becomes last key defense.
Neutral at current levels.
Bias only on confirmed hold or breakdown of key support zones.
