๐ DASH/USDT Technical Analysis โ 15M
DASH is trading around $70.37, after a strong move from the $66.41 area. The short-term structure is still bullish, but price is facing resistance after rejecting $72.40.
๐น Resistance
$71.38 โ immediate resistance
$72.40โ$72.70 โ major breakout zone
Above $72.70 โ $75โ$78 becomes possible
๐น Support
$70.00 โ immediate support
$68.75 โ key short-term support
$67.40 โ stronger support
$66.40 โ important breakout-base area
๐ MACD: DIF 0.12 vs DEA 0.13, with histogram around -0.01. Momentum is currently neutral-to-slightly bearish, but the histogram is recovering, suggesting selling pressure may be weakening.
๐ฅ Bullish scenario: If DASH breaks and holds above $72.40โ$72.70 with strong volume, the next targets could be $75 โ $78 โ $80.
โ ๏ธ Bearish scenario: Failure to reclaim $72.40 could lead to another pullback toward $68.75. Losing $67.40 would weaken the short-term setup considerably.
Recent market data also shows DASH has been extremely strong, with roughly 74% gains over the past 7 days, while other technical analysis points to the $60 area as an important broader support zone. ๏ฟฝ
CoinGecko +1
My view: ๐ข Bullish above $68.75, but I would watch $72.40โ$72.70 very closely before calling the next breakout.
*Not financial advice.*
#Dash #TechnicalAnalysiss #BinanceSquareFamily
DASH is trading around $70.37, after a strong move from the $66.41 area. The short-term structure is still bullish, but price is facing resistance after rejecting $72.40.
๐น Resistance
$71.38 โ immediate resistance
$72.40โ$72.70 โ major breakout zone
Above $72.70 โ $75โ$78 becomes possible
๐น Support
$70.00 โ immediate support
$68.75 โ key short-term support
$67.40 โ stronger support
$66.40 โ important breakout-base area
๐ MACD: DIF 0.12 vs DEA 0.13, with histogram around -0.01. Momentum is currently neutral-to-slightly bearish, but the histogram is recovering, suggesting selling pressure may be weakening.
๐ฅ Bullish scenario: If DASH breaks and holds above $72.40โ$72.70 with strong volume, the next targets could be $75 โ $78 โ $80.
โ ๏ธ Bearish scenario: Failure to reclaim $72.40 could lead to another pullback toward $68.75. Losing $67.40 would weaken the short-term setup considerably.
Recent market data also shows DASH has been extremely strong, with roughly 74% gains over the past 7 days, while other technical analysis points to the $60 area as an important broader support zone. ๏ฟฝ
CoinGecko +1
My view: ๐ข Bullish above $68.75, but I would watch $72.40โ$72.70 very closely before calling the next breakout.
*Not financial advice.*
#Dash #TechnicalAnalysiss #BinanceSquareFamily
