DASH has been sorting between $34 and $40 for almost three weeks. The latest round of rebounds, which at one time pushed prices up to $36.94, set a new high since 15 June, but then saw a marked backlash, indicating that the buyout was still insufficient to directly challenge resistance above.
Broken support unrecognized
The rebound started after a short price drop of $33.50. Although the disc once broke down, it did not form an effective dayline and the seller failed to continue to expand the decline. Then buy a flashback, push DASH back up.
It is worth noting that the most powerful trade since the formation of this upswing is not simply a technical backlash. However, the price quickly fell close to $35.38, meaning that market demand was still insufficient to drive DASH direct testing of $40.12.
The upper clearing area limits the rebound.
In terms of leverage distribution, the recent developments in DASH remain highly sensitive to the clearing area. The price had previously rebounded from the US$ 34, with the lower portion of the settlement-intensive area being cleared, followed by empty refills and further purchases, pushing prices closer to US$ 37.
However, when prices entered the range of US$ 36.50 to US$ 38.35, more intensive levels of liquidation above began to suppress the movement, which slowed back. The price then fell around $35.50, and the bulk of the previous day's increase was repulsed.
This represents an increase in the number of passive buyouts brought about by leverage silos rather than a continuous flow of directional funds. Currently, active liquidity remains below $34 to $35, with larger clearing pools above and prices between the two sides of liquidity.
Breakthrough remains the key.
If DASH can re-establish its position at US$ 36.94 and break through with a quota of US$ 40.12, it will be possible for the current consolidation structure to move towards a clearer restoration trend, with the next target area to look near US$ 48.
On the contrary, if the price fails again at $34, the recent rebound structure will be destroyed and the probability of the market falling back to the 29.40 dollar support area will increase.
On the whole, DASH is still in the midst of an interstate shock. While there are signs of a decrease in empty kinetic energy, the high-intensity areas of resistance and settlement have not yet been effectively digested and short-lines are more likely to continue to fluctuate sharply than immediately to form a unilateral trend.