$DASH
/USDT: Is a Recovery Rally Beginning?
DASH is showing signs of a short-term recovery, but bulls still have important resistance levels to overcome.
Looking at the 1D chart, DASH is trading around $47.23, up approximately 2.01% at the time of the screenshot.
After falling from the $61 region to a recent low near $43.28, the price has started showing signs of recovery. However, the bigger trend still needs confirmation.
# Key Technical Levels
* Immediate support: $46.30–$45.70
* Major support: $43.28
* Immediate resistance: $48.50–$49.60
* Next resistance: $50.60
* Major upside target: $54.90
# Bullish Scenario
If DASH manages to close a daily candle above $49.60 with strong buying volume, the next potential levels to watch are $50.60 and $54.90.
# Bearish Scenario
If the price loses the $45.70 support zone, sellers could push it toward $43.28 again.
# My Market View
$DASH is attempting to build a recovery, but the price remains below its MA(25) and MA(99). I would prefer to wait for a confirmed breakout rather than chase the current move.
What do you think? Can $DASH reclaim $50, or will sellers take control again?
#DASH #DASHUSDT #CryptoAnalysis #TechnicalAnalysis #BinanceSquare
/USDT: Is a Recovery Rally Beginning?
DASH is showing signs of a short-term recovery, but bulls still have important resistance levels to overcome.
Looking at the 1D chart, DASH is trading around $47.23, up approximately 2.01% at the time of the screenshot.
After falling from the $61 region to a recent low near $43.28, the price has started showing signs of recovery. However, the bigger trend still needs confirmation.
# Key Technical Levels
* Immediate support: $46.30–$45.70
* Major support: $43.28
* Immediate resistance: $48.50–$49.60
* Next resistance: $50.60
* Major upside target: $54.90
# Bullish Scenario
If DASH manages to close a daily candle above $49.60 with strong buying volume, the next potential levels to watch are $50.60 and $54.90.
# Bearish Scenario
If the price loses the $45.70 support zone, sellers could push it toward $43.28 again.
# My Market View
$DASH is attempting to build a recovery, but the price remains below its MA(25) and MA(99). I would prefer to wait for a confirmed breakout rather than chase the current move.
What do you think? Can $DASH reclaim $50, or will sellers take control again?
#DASH #DASHUSDT #CryptoAnalysis #TechnicalAnalysis #BinanceSquare
