DASH is currently grinding sideways—Bollinger’s three lines are moving flat, with the price hovering around the middle band, and there isn’t much movement.
In the past 24 hours, it’s down 2.62%. It’s not a heavy drop, but it also lacks momentum. The funding rate is negative, short positions’ cost is relatively high—shorts are paying longs. Open interest has risen a bit: OI over 24 hours is up 2.7%, and contract capital continues to flow in. The long/short ratio is 0.93. Short accounts are slightly ahead, though the gap isn’t big.
On the 15-minute timeframe, it’s only up 0.13%, while trading volume has fallen to just 0.3 times the recent average. Liquidity is clearly cooled off, and the chart feels like it’s dozing. Price is grinding slightly above and below the middle band, with no breakout power.
For reference only and does not constitute investment advice.
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