Currently, $DASH is trading at 59.44 dollars on the Binance platform. We are witnessing a crucial test of the psychological support area between 59.00 and 60.00 dollars. On-chain data reveals significant regulatory concerns following a recent crackdown on privacy coins, leading to a 2.7% drop over the past 24 hours as traders take profits after a massive monthly rise. Technical indicators suggest that the MACD chart has turned negative, and the RSI (52.87) is weakening, indicating that if the 59.00 dollar level fails, a swift drop towards structural support at 56.00 dollars is likely.
{future}(DASHUSDT)
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.