DASH is the kind of chart that makes you stop scrolling.
The screenshot shows DASH up 20.71 percent in 24 hours, trading around 40.67 with a market cap near PKR 157.85B. A move above 20 percent in a single day is not something I ignore.
But massive green candles come with massive volatility.
The next phase is all about confirmation. I want to see whether volume remains elevated after the initial surge. If buyers continue absorbing profit taking and larger wallets continue accumulating, DASH could potentially build another continuation move.
The 38.00 to 40.00 area is the key support zone I am watching. Holding that area after a strong run would be constructive. If DASH can reclaim and hold above 42.00 with strong volume, the market could begin targeting higher psychological levels.
Bitcoin dominance is another important piece of the puzzle. If liquidity starts moving toward altcoins while BTC remains stable, older large cap names can sometimes experience sudden rotations.
Whale activity is also worth monitoring closely after a move this large. Accumulation would strengthen the setup, while aggressive exchange inflows could signal profit taking.
EP: 39.50 to 41.00
TP: 44.00, 48.00, 53.00
SL: 36.50
After a 20 percent move, patience is critical. I would rather enter after confirmation than become liquidity for someone else's exit.
DASH has already shown the market that buyers are awake.
Now I am watching whether they are ready to push again.
I am ready for the move.
#Dalio warns US debt crisis ahead
#SEC proposes crypto asset rules
