DASH is moving quite strongly right now. The price is directly pushing up to around the Bollinger upper band, with the three lines being lifted upward together. The opening is widening more and more, and the chart looks bullish.
Latest price is 31.62, up 5.5% over the past 24 hours. It’s quite steady—not overly aggressive, but not dragging either.
The funding rate is still positive at +0.0100%, which suggests that long positions’ cost is relatively high—longs are paying shorts. Open interest is $11.51 million, up 6.1% in 24 hours. Contract funding is flowing in, and the number of contracts is increasing, which hints that market activity is starting to heat up. However, the overall long/short participant ratio across the market is 0.78, with short-side accounts in the majority—the number of shorts is somewhat higher.
On the short-term cycle, the 15-minute timeframe is up 0.25%. It’s mostly a sideways grind. The trading volume is 1.1 times the recent average volume, and volume/flow is slightly coming in, but it isn’t a breakout surge. Overall, it’s running along the upper band, funding is coming in, but on the short-term it feels like it’s taking a short rest.
For reference only and does not constitute investment advice.
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