$DASH $DASH is Mooning! 🚀 +46% Pump – What’s Next?
DASH/USDT Technical Analysis Update:
DASH has been the star of the market today, showing a massive breakout with over 46% gains in the last 24 hours. Here is a quick breakdown of what the chart is telling us:
🔹 The Bullish Momentum:
The price recently touched a high of $56.01. We are seeing a series of strong green candles supported by massive trading volume, which confirms that the upward move is backed by real buying pressure.
🔹 Technical Indicators:
Bollinger Bands: Price is trading well above the Upper Band ($51.84), showing extreme bullish strength but also signaling that the move is slightly overextended.
RSI (Relative Strength Index): Currently sitting around 91, which is deep in the Overbought zone. While the trend is strong, a short-term "cool-off" or price correction wouldn't be surprising.
MACD: Showing a healthy bullish crossover with rising green histograms.
🔹 Trading Strategy:
Support Levels: If a correction happens, look for support around $51.50 or the $45.70 (SAR) level.
Resistance: The immediate hurdle is $56.00. If it breaks and holds above this, we could see $60+ very soon.
⚠️ Caution: Entering at the very top of a pump is risky. Consider waiting for a small pullback or use a tight Stop Loss to protect your capital.
What do you think? Is DASH heading to $65 next, or is it time for a pullback? Let me know in the comments! 👇
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