DASHUSDT makes a slight breakout with notable trading volume
The fifteen-minute chart of $DASH is recording a surge in trading volume to 5.01x as the price taps near 55.05.
I’m paying attention to the 54.9 area of $DASH after seeing that the hourly Relative Strength Index (RSI) indicator is nearing the 70 mark. This combination is like a tightly compressed spring that has now found room to release its force, but we still need to watch how the price reacts around resistance levels.
Short-term volatility can be quite fast, so risk management at support levels is very necessary.
If buying pressure continues to hold and breaks above 55.06, the price may extend its uptrend momentum toward higher zones.
On the other hand, if profit-taking pressure appears and drives the price through 54.48, the pullback could go deeper.
#DASHUSDT #BinanceSquare
The fifteen-minute chart of $DASH is recording a surge in trading volume to 5.01x as the price taps near 55.05.
I’m paying attention to the 54.9 area of $DASH after seeing that the hourly Relative Strength Index (RSI) indicator is nearing the 70 mark. This combination is like a tightly compressed spring that has now found room to release its force, but we still need to watch how the price reacts around resistance levels.
Short-term volatility can be quite fast, so risk management at support levels is very necessary.
If buying pressure continues to hold and breaks above 55.06, the price may extend its uptrend momentum toward higher zones.
On the other hand, if profit-taking pressure appears and drives the price through 54.48, the pullback could go deeper.
#DASHUSDT #BinanceSquare
