- BNB dropped from $1,240 to $700 before rebounding quickly, showing a strong buying pressure at the bottom.
- BNB could sustain its uptrend if it holds above the $1,180β$1,200 zone.
- Bitcoin and Ethereum mirrored similar rebounds, suggesting a coordinated market-wide liquidity reset .
Dash (DASH) has made a comeback after the coin climbed more than 130% in just a few days and to trade near $58. The move was backed by buying volume and growing confidence from traders.
DASH Breaks Above Key Resistance Zone
Data shared by CryptoBull_360 shows that DASH broke above a major resistance area between $24 and $25. This breakout ended a long period of sideways movement and confirmed renewed momentum with a strong daily candle showing a 13% intraday gain.
The 200 EMA, which once acted as resistance, is now flattening out β a common sign that a trend is shifting direction.The previous resistance zone has formed a solid base and has been turned into support.
based on previous resistance levels and Fibonacci projections if DASH continues this momentum, the next target could be near $68. If the price falls below $23,the current bullish setup will weaken and it could lead to a short-term correction.
Short-Term Setup Shows Bullish Pennant Pattern
DASH price moved from below $32 to $40 then entered a tight consolidation, where it has been trading between lower highs and steady lows.Volume decreased gradually during this phase. If the price breaks above the current level it could rally towards $44 and $46. But if it falls the price might slide back down to test support near $36 to $37.
There might be some short-term dips,but the overall trend still looks positive. Traders are waiting to see a clear breakout before expecting the next big move up.
Volume and Whale Activity Support the Rally
DASH flipped from a downtrend into a strong rally, after the price jumped from under $30 to almost $60 in less than three days, showing growing market interest and steady buying pressure.
Big investors are entering the market and The Chaikin Money Flow (CMF) indicator has moved above zero to 0.07. This suggests that the recent rise is supported by more than just retail traders. DASH price has stayed above $52, a proof that buyers are still holding control.
As long as the price stays above $29, DASHβs technical setup remains healthy and supported by consistent buying interest.DASH could reach $66 soon, based on the measured move of the bull flag pattern.
