Oct 6: the privacy sector catches fire — DASH rips 125% to $79.60 as capital rotates out of Zcash's team fallout. Weeks later it's bled back toward $46. Today: +9% to $55.50 while Bitcoin can't hold $82K.
That rotation log is what I'm watching into the Oct-28 rate decision. When the market bleeds and one coin goes green, the tape is telling you where capital still wants exposure. The structure backs it: the $48.50–$51 zone has held on every test since Oct 20, and price is back above the $50 moving-average cluster.
Levels:
• Support: $48.50–$51 (recent lows + MA cluster)
• Resistance: $55.98 (today's high), then $79.60
• Invalidation: a 4h close under $49 — the zone fails and $46 comes back
The counterweight: this breakout failed once already, and money-flow data showed distribution on the way down from $79.60. Privacy rallies run hot on derivatives — they cut both ways.
Still 43% below its own peak. Does $55.98 give way to a run at the highs — or does $49 break first? NFA. DYOR.
$DASH #Dash #PrivacyCoins #CryptoNews #FOMC
That rotation log is what I'm watching into the Oct-28 rate decision. When the market bleeds and one coin goes green, the tape is telling you where capital still wants exposure. The structure backs it: the $48.50–$51 zone has held on every test since Oct 20, and price is back above the $50 moving-average cluster.
Levels:
• Support: $48.50–$51 (recent lows + MA cluster)
• Resistance: $55.98 (today's high), then $79.60
• Invalidation: a 4h close under $49 — the zone fails and $46 comes back
The counterweight: this breakout failed once already, and money-flow data showed distribution on the way down from $79.60. Privacy rallies run hot on derivatives — they cut both ways.
Still 43% below its own peak. Does $55.98 give way to a run at the highs — or does $49 break first? NFA. DYOR.
$DASH #Dash #PrivacyCoins #CryptoNews #FOMC