💰$DASH is currently trading around $30.50, remaining under growing selling pressure as consecutive bearish signals strengthen the downside outlook.
Technical Analysis (4H timeframe):
🔴 The price is trading below key short-term moving averages, while the SHORT Sequence 2 signal confirms that sellers are steadily gaining control. Two consecutive bearish signals indicate that downside momentum is continuing to build.
⚠️ The $31.20–$31.80 range acts as immediate resistance. Unless DASH reclaims this zone with strong buying volume, recovery attempts are likely to face renewed selling pressure.
📉 Initial support is located around $29.80–$30.00. A break below this level could extend the decline toward $29.00–$29.30.
Outlook: The short-term bias remains bearish, supported by SHORT Sequence 2 and strengthening selling pressure. A decisive breakout above $31.80 would weaken the bearish outlook, while remaining below resistance keeps the downside scenario firmly in focus.
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