🚨 DASH/USDT – Technical Analysis Based on the Chart
Market Data (24h):
- Current Price: 60.71 USDT
- Change: +57.08% (≈ $326.01)
- 24h High: 68.20 USDT
- 24h Low: 38.41 USDT
- Volume (DASH): 3.10 mi
- Volume (USDT): 173.47 mi
Chart Analysis (Daily/4H):
- Explosive upward movement in the last 24h, with price breaking out from a consolidation base.
- Price faces immediate resistance around 68.20 USDT (daily high).
- Current volume (3,082,357) significantly above average volume (MA5: 743,096; MA10: 478,925), confirming strong buying interest.
- Indicators such as MA and EMA on the chart show an accelerated uptrend, but RSI may indicate overbought conditions in the very short term.
Suggested Strategy (Short Term):
- Entry: 58.00 – 60.00 USDT (taking advantage of possible technical retracements)
- DCA (if further correction): 54.00 – 56.00 USDT
- Stop Loss: 51.50 USDT (loss of key support and part of recent gains)
- Targets:
- Target 1: 65.00 USDT
- Target 2: 68.20 USDT (testing the high)
- Target 3: 75.00 USDT (extension of the move)
Important Notes:
- A rise of over 57% in 24h indicates an extreme bullish move, with a high probability of correction or consolidation before further gains.
- Very high volume is positive for sustainability, but may also signal exhaustion near peaks.
- Risk management is crucial, given the extremely high volatility.
- Monitor whether price can maintain support above 58.00 USDT to sustain the bullish bias.
Bias: OPTIMISTIC in the short term, but with expectation of correction/consolidation. The scenario remains positive as long as price stays above 54.00 USDT.
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