Can DASH Make A Dash For $100 Or Will Selling Pressure Get To it First?
Summary
Dash has experienced a significant rally, surging from $37 to nearly $80, fueled by renewed interest in privacy-focused cryptocurrencies and ecosystem developments. However, technical analysis suggests this momentum may be unsustainable. The Money Flow Index (MFI) is in the overbought zone, historically preceding short-term pullbacks, similar to a setup seen in November 2025. Furthermore, the Chaikin Money Flow (CMF) indicator shows a bearish divergence against price; while Dash posts higher highs, CMF is forming higher lows, indicating weakening underlying capital support and potential outflows despite the price rise. Currently trading near $79, Dash is expected to struggle to immediately reach $100. A likely scenario involves a pullback below the $71 support, potentially retracing toward $63 or $59. A bullish continuation above $82 would be required to invalidate this bearish outlook and target the $100 level.
(Source:BeInCrypto)