Dash rallies as AEON Pay integration turns headlines into real-world demand Dash (DASH) jumped more than 15% in 24 hours to about $93 at press time, extending a breakout that looks grounded in adoption rather than pure speculation. The rally accelerated after confirmation of integration with AEON Pay and a decisive reclaiming of the $90 zone, with buyers pushing price cleanly through prior resistance. Why this move matters - AEON Pay has processed roughly 994,000 transactions worth over $29 million across a network approaching 50 million merchants, bolstering Dash’s payments narrative and giving the rally a tangible utility story (AEON Pay data). - Technically, DASH ripped through $80 resistance and comfortably retook the $90–$95 area that had previously capped gains. The daily candle expanded sharply, slicing through prior supply and suggesting urgency from buyers rather than slow accumulation (TradingView). - The former breakdown region near $80 now appears to be acting as support, a classic sign of a repaired structure. Momentum and indicators - Momentum backed the price move: the MACD flipped bullish with the signal line crossing higher and the histogram moving into positive territory, reflecting accelerating upside rather than exhaustion (TradingView). - With structure repaired and momentum aligning, $100 becomes a near-term psychological magnet. A sustained hold above $100 would open a clearer technical path toward $120. Derivatives and market participation - Open Interest climbed more than 20% to roughly $199.5 million as the rally accelerated, indicating fresh directional positioning rather than mere short covering. OI rising alongside price typically signals healthy participation (CoinGlass). - Positioning looked orderly rather than euphoric, suggesting room for continuation instead of an immediate blow-off top. On-chain and DeFi signals - Dash’s DeFi Total Value Locked rose about 9% to roughly $207,655, a modest figure in absolute terms but notable for its direction—on-chain engagement is beginning to follow price (DefiLlama). - Rising TVL alongside price supports a utility-driven narrative, reducing the odds that the move is solely speculative. Liquidations and market structure - Liquidation data showed a clear bear squeeze: over $3.11 million in short positions were liquidated vs. roughly $604,000 in long liquidations (CoinGlass). That imbalance removed bearish pressure and helped stabilize the rally. - With shorts flushed and longs largely intact, Dash has more room to build on gains rather than retrace sharply. Takeaway Dash’s breakout combines adoption headlines, stronger on-chain metrics, expanding derivatives participation, and favourable technicals—factors that together make the move more durable than a headline-driven spike. If buyers defend the $90 area, $100 is the next logical target, with $120 coming into view on a sustained push. Sources: TradingView, CoinGlass, DefiLlama. Disclaimer: This content is informational and not investment advice. Cryptocurrency trading is high risk; always do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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