Dash ($DASH
) Breakout: Is the Digital Cash King Back?
Market Sentiment: 🔥 Extremely Bullish
$DASH is currently "dashing" through resistance levels, fueled by a perfect storm of factors:
Privacy Sector Rotation: Traders are shifting capital into privacy assets like Dash, Monero, and Zcash.
Major Partnership: The recent Alchemy Pay integration has expanded fiat-to-DASH access across 173 countries, boosting real-world utility.
Short Squeeze: A massive wave of liquidations has accelerated the move from $50 to nearly $90 in days.
The technicals show a clear Double Bottom breakout on the daily chart. While the RSI is in overbought territory (>80), the momentum suggests that any dip will be aggressively bought by those who missed the initial move.
Key Levels to Watch:
Immediate Resistance: $92.60 - $100.00
Strong Support: $70.00 - $73.00 (Previous breakout zone)
Macro Target: $125.00+
Entry: $93.00 – $94.50
Target 1: $99.80 (Major psychological resistance)
Target 2: $108.50 (Extension level)
Stop Loss: $87.90 (Below the recent 1H consolidation)