Clearly Bearish Technical Signals
After a spectacular surge, the euphoria surrounding DASH has quickly dissipated. The price has failed to hold its highs and is now trading in an unstable zone around $69, with lower incursions toward $65–$68. The market suddenly appears too calm, a sign of gradual buyer disengagement.
On the technical front, the momentum has reversed. The RSI, previously in overbought territory, has returned to a neutral level, indicating a loss of momentum. Meanwhile, the MACD shows clear weakening, confirming that the bulls are losing control.
Another negative signal: the Open Interest (OI) is stagnating around $90 million. Traders are closing their positions rather than betting on a rebound, which reduces liquidity and strengthens the sellers’ advantage.
Capitulation Ahead and Risk of Further Decline
On-chain data confirms this pressure. Funding rates have turned negative, showing that shorts are dominating and anticipating a continuation of the drop. This type of configuration often accompanies prolonged correction phases.
Even more concerning, the CDD Multiple (Coin Days Destroyed) is displaying notable spikes. Coins that have remained inactive for a long time are starting to circulate again, a classic signal of distribution by long-term holders. This additional supply is hitting a market where demand is weakening.
In this context, the $69 level becomes a crucial pivot zone. Without a rapid reclaim with volume, the risk of a deeper retracement increases significantly. With declining participation and aggressive sellers, the central question remains: Where will DASH find a genuine floor to halt the decline?
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