Token : $DASH
Signal : SHORT
Dash has broken out above the ceiling of its medium-to-long-term falling trend channel, signaling a potential shift from a downtrend to a more sideways or consolidative phase. However, the price recently pulled back after what may have been a false breakout from an inverse head and shoulders pattern. The key level to watch now is $23.85—a decisive breakout above this resistance would reignite bullish momentum and confirm a stronger reversal. On the downside, Dash is currently testing support at $23.00. A bounce from this level could trigger a positive reaction, but a break below it would invalidate the setup and signal further weakness ahead. Traders should watch these levels closely for confirmation.
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USDT Dominance (USDT.D) is currently moving within a short-term falling trend channel, suggesting a gradual shift away from stablecoins and potential risk-on sentiment returning to the crypto market. As capital rotates out of USDT, it often signals renewed interest in altcoins and Bitcoin, increasing the probability of a broader market upswing. This environment supports a more bullish bias, making long trade setups more favorable than shorts. Traders should monitor this trend closely, as continued weakness in USDT dominance may further fuel momentum across the crypto space, offering attractive entry points for bullish positions.
