$DASH is showing incredible strength, breaking through to $62.53! 🚀 The move is fueled by renewed interest in privacy coins and ecosystem expansion via Alchemy Pay and dYdX.
🟢 The Bull Case
Momentum: MACD is strongly positive (2.20 histogram), indicating sustained buying pressure.
Trend: Short-term EMAs are well above long-term averages, confirming a solid uptrend.
Sentiment: Traders are eyeing $100 as the next psychological target after recent 50-70% gains.
🔴 The Risks (Overextended)
Extreme Overbought: The 6-period RSI is at 86.71. This level often precedes a sharp pullback.
Band Break: Price is trading above the Upper Bollinger Band ($60.72), signaling overextension.
Profit Taking: We observed a significant net outflow of 2.8M USDT, suggesting smart money might be selling into this strength.
