DASH Price Falls Short of $100, What’s Next for the Privacy Coin?
DASH failed to sustain a rally above $100 due to bearish divergence and dominant short positions, risking a drop toward $60.Summary
DASH experienced a nearly 130% surge, briefly surpassing $100, but failed to maintain the breakout, leading to increased selling pressure and correction risk. Market indicators, such as the Chaikin Money Flow (CMF) showing bearish divergence despite rising prices, suggested weakening capital support and distribution by informed participants. Furthermore, persistent negative funding rates indicated that short positions dominated long contracts, signaling bearish anticipation before the recent reversal. Currently, DASH is holding above the critical 61.8% Fibonacci retracement level near $73; a breakdown below this level could see the price fall toward $60 or even $50. Conversely, a rebound from this support, coupled with a move above the $83 resistance, would be necessary to retest the $100 mark.
(Source：BeInCrypto)