DASH soars by 268.07% in 24 hours as robust short-term momentum drives gains
On September 8, 2025, DASH experienced a remarkable 268.07% jump within a single day, climbing to $25.28 and extending its impressive short-term rally. Throughout the last week, DASH soared by 542.12%, and its gains over the previous month totaled 711.86%. Although there was a dramatic 3331.57% drop during the past year, the latest price movements reflect a robust recovery and a resurgence of investor enthusiasm.
This significant upswing has attracted the attention of both traders and market analysts, who are monitoring how DASH has managed to revisit and maintain levels above essential resistance points. The cryptocurrency showed strength as it surpassed recent peaks, fueled by heightened buying momentum and eased short-term selling. Both the RSI and MACD indicators have revealed positive divergence, lending support to the possibility of a trend reversal.
Technical experts have noted that DASH's move above key psychological and historical resistance marks has increased the likelihood of a continuation trend. The convergence of the 50- and 200-period moving averages in an upward direction suggests that long-term investors may be returning to the market. Along with a tightening Bollinger Band, these technical signs indicate volatility is decreasing, which often precedes a further breakout or ongoing upward momentum.
DASH has also maintained its position above the 20-day EMA, reflecting strong short-term momentum. Blockchain data shows a reduction in wallets with minor holdings and a rise in large-scale transactions, signaling a transition in sentiment from retail buyers to larger investors or institutional participants.
Backtest Hypothesis
An example trading approach based on the intersection of the 50- and 200-period moving averages, combined with RSI and MACD cues, could provide a structure for capitalizing on DASH’s momentum. This hypothetical backtest would enter positions when the 50-period moving average crosses above the 200-period average—a classic "Golden Cross" scenario. A long trade would also be triggered when the RSI moves above 50 and the MACD histogram turns positive, supporting a bullish outlook. The trade would be exited if any of these signals reverse or if the price falls below a crucial support zone. Considering the current technical setup and price action, such a strategy might have delivered strong returns in the present market.
