$DASH
đ $DASH /USDT Analysis: Pullback in Progress? âïž
DASH is currently facing a correction, trading at $65.17 with a -6.87% decline over the last 24 hours. After a strong monthly rally, technical indicators suggest the coin is entering a cooling-off period.
đ Technical Highlights (4H Chart):
Bearish Crossover: The price has dropped below the EMA(7) ($67.03) and EMA(25) ($71.29), indicating that short-term momentum has shifted to the bears.
Oversold RSI: The RSI(6) is at a low 25.13, which is deeply in the "Oversold" territory. This often precedes a short-term relief bounce as selling pressure becomes exhausted.
Support Test: DASH is currently testing major support at the EMA(99) ($64.04). Holding this level is critical to maintaining the overall medium-term bullish structure.
đŻ Key Levels to Watch:
Immediate Support: $63.80 (24h Low) and the $64.00 psychological zone. A break below this could lead to a deeper retest of the $58.00â$60.00 range.
Resistance: Bulls need to reclaim $67.03 (EMA 7) to stop the bleeding, followed by a major hurdle at $70.40 (24h High).
đĄ Market Context:
The broader market is seeing some profit-taking in privacy-focused assets. While long-term sentiment remains neutral-to-bullish with year-end targets still looking toward higher levels, today's move reflects a "deeper correction" rather than a routine dip.
Verdict: DASH is at a "make or break" support zone. Watch for a bounce from the EMA(99); if it fails to hold $64.00, expect further downside toward $60.00.
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