$DASH is bleeding, but the volume is missing. ๐
Down 6.55% to $50.04, yet only $4.88M traded in 24h. The 4h move is another 5.7% lower, RSI sitting at 37, and volume is just 0.5x its 20-day average.
Thatโs not panic selling. Thatโs a weak bid.
Price is below both the 20d and 50d averages while longs are still paying funding at 0.005%. Meanwhile $SOL is holding up better, which makes this relative weakness hard to ignore.
At $50, Iโm waiting for real volume before respecting any bounce. ๐
Where does $DASH bottom out?
#DASH #Trading
Down 6.55% to $50.04, yet only $4.88M traded in 24h. The 4h move is another 5.7% lower, RSI sitting at 37, and volume is just 0.5x its 20-day average.
Thatโs not panic selling. Thatโs a weak bid.
Price is below both the 20d and 50d averages while longs are still paying funding at 0.005%. Meanwhile $SOL is holding up better, which makes this relative weakness hard to ignore.
At $50, Iโm waiting for real volume before respecting any bounce. ๐
Where does $DASH bottom out?
#DASH #Trading