🐂 $DASH to $100? Analyzing the Bullish Consolidation (+13%)
$DASH has been a silent performer, climbing steadily from $36 to a high of 96.57. Currently trading at 91.62, the price is taking a breather. Is this a top, or just a pit stop before triple digits?
Here is the 4-Hour technical breakdown:
📈 1. The "Healthy" Trend Structure
EMA Support: The trend is textbook bullish. The price is riding specifically along the Yellow EMA 7 (86.49).
Why this matters: In strong trending markets, the EMA 7 acts as a "dynamic floor." As long as 4H candles close above this yellow line, the bulls are still in full control. A dip to 86.50 would be a classic "buy the dip" opportunity.
⚖️ 2. Momentum Check
RSI (69.62): The RSI is hovering just below the "overbought" 70 zone. This is bullish but cautious—it means there is still room for one more push up, but buyers are getting tired.
MACD: The histogram is showing signs of cooling off (bars getting shorter), but no bearish crossover yet. We are in "wait and see" mode.
🎯 Trade Setup: The "Road to $100"
We are looking for a bounce off support to target the psychological resistance.
Strategy: Trend Continuation (Long Bias).
🛡️ Buy Zone: 86.50 - 88.00 (Testing the EMA 7).
Conservative Entry: Wait for a 4H candle to touch 86.50 and wick back up.
🚀 Target 1: 96.50 (Recent High).
🚀 Target 2: 100.00+ (Psychological Barrier).
🛑 Stop Loss: 82.00 (If we lose the EMA 7, we likely drop to the Pink EMA 25 at 71.00).
💡 Trader's Note:
The gap between the current price (91) and the major support (EMA 25 at 71) is huge. This means if the trend breaks, the drop could be fast. Trailing stops are your best friend here.
Disclaimer: This is technical analysis, not financial advice. Manage your risk.
