$DASH /USDT TECHNICAL ANALYSIS – BEARISH PRESSURE INTENSIFIES
$DASH /USDT is showing a downward bias, currently trading at $40.40, down -2.32%. The pair has faced resistance near $43.50, while immediate support is around $39.84. Short-term moving averages indicate bearish momentum as price remains below key EMA levels.
The Bollinger Bands are slightly expanding, signaling increased volatility and potential continuation of the downward trend. MACD shows bearish crossover, reinforcing short-term selling pressure. Volume is moderate at 315K DASH / 13.19M USDT, suggesting steady participation but not extreme panic.
Key support to watch is $39.84, followed by $39.65; breaking below may accelerate losses toward $38.50. Resistance levels stand at $42.07 and $42.88, where sellers may defend aggressively. Price action suggests the market may test the lower band while consolidating before a decisive move.
Overall, market structure favors sellers in the short term, but a rebound above $42.88 could open the path to retest $43.50. Traders should monitor volatility spikes and volume confirmation for potential swing trades.
Targets:
Short-term Support: $39.84 – $39.65
Immediate Resistance: $42.07 – $42.88
Upside Breakout: $43.50
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