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$DASH Loses Momentum After Parabolic Run | Correction Phase in Play
DASH has entered a clear corrective phase after an aggressive multi-day rally. The recent sharp selloff signals a shift from momentum expansion to distribution, with sellers now controlling the short-term tape.
Market Structure
DASH previously printed a parabolic advance from the ~$36 base to a ~$96 peak. The structure has now broken down, forming a lower high and a strong impulsive bearish leg. Short-term market structure has flipped bearish, with price failing to hold prior breakout levels.
Key Levels
Resistance:
$82–85 (previous range support, now supply)
$92–96 (major rejection zone / cycle high)
Support:
$73–75 (current demand attempt)
$68–70 (high-probability support if selling continues)
$60 (major HTF support / value zone)
Volume & Flow
The selloff was accompanied by elevated volume, confirming active distribution and profit-taking rather than a low-liquidity pullback. Net outflows and strong sell-side pressure from large participants suggest capital rotation rather than accumulation at current levels.
Momentum & Indicators
EMA 7 < EMA 25 & 99 → bearish trend alignment
MACD bearish crossover with expanding negative histogram
Momentum favors sellers unless price can reclaim the $82 zone with volume
Bias & Outlook
Short-term: Bearish
Risk remains skewed to the downside while price trades below $82. Any bounce into resistance is likely corrective unless strong bid absorption appears.
Medium-term: Neutral to Bullish only if higher lows form above $68 and selling pressure weakens.
Traders should prioritize patience and confirmation, not dip-buying strengthless bounces.
#MarketRebound #DASH #BearishTrend #VolumeAnalysis