Could This Privacy Coin DASH Towards Another 550% Rally? The Charts Tell More
DASH recently surged, but weak volume suggests caution, though structural indicators hint at a potential major rally similar to a past 550% move.Summary
Dash (DASH) recently surged over 30% but pulled back from $68, showing strength relative to the broader market. However, the On-Balance Volume (OBV) diverged negatively during this rise, indicating that the price increase lacked sufficient volume confirmation, explaining the short-term pause.
Structurally, the price reclaimed all major Exponential Moving Averages (EMAs), mirroring an alignment seen before a previous 550% rally in October. Crucially, the Chaikin Money Flow (CMF) is currently holding above zero and compressing, suggesting sustained capital inflows rather than just speculative sentiment, which was the driver of the prior rally.
Derivatives data shows balanced long and short leverage, meaning no immediate squeeze risk exists. Key resistance is between $61-$69; a confirmed break above $69 could target $104 (a 73% gain), while losing $51 would invalidate the bullish structure, potentially leading to a drop toward $35.
(Source：BeInCrypto)