DASH is displaying a critical breakdown, characterized by aggressive selling from its most significant holders. The price has fallen -4.64% to $34.90, approaching the 24-hour low.
The on-chain data reveals the primary driver: large holders are leading a sustained exodus. They have been net sellers over the past 5 days (-28,393 DASH), and this selling intensified in the last 24 hours with a -30,073 DASH outflow. This has created a total net outflow of -29,087 DASH, overwhelming the minor buying from medium and small cohorts.
Market Diagnosis: Bearish Capitulation
The dominance of large holder selling, especially its acceleration, indicates a lack of confidence and a move towards liquidation. This often creates a vacuum of support, leading to further downside.
Strategic Directive: High Risk - Avoid
1. No Entry Signal: This chart presents a clear AVOID signal. The aggressive distribution by large players suggests the correction is not complete. Do not attempt to buy.
2. Defensive Stance Only: For any existing positions, the immediate support level is the 24-hour low of $34.66. A break below this could trigger another leg down.
3. Requirement for a Reversal: A future bullish scenario would require two conditions: first, a halt in the large holder selling (money flow turning neutral or positive), and second, a price recovery and hold above key resistance, such as the $37.22 high. This is not in sight.
The prevailing action is distribution and capitulation. Capital should be preserved and deployed elsewhere until the selling pressure from dominant holders definitively subsides and price action stabilizes.
