DASH Bulls Lose Steam, But One Key Break Could Continue the Rally

DASH has entered a phase of recalibration on the 1-day chart after recent volatility pushed price action through sharp surges and pullbacks. 

The altcoin is attempting to stabilize after rebounding from last week’s drop, and momentum indicators suggest that DASH remains in a position of elevated strength, though with clear signs that bullish pressure is cooling from previously overheated conditions.

DASH Momentum Cools After Overbought Surge

The relative strength index (RSI) recently pushed into extreme overbought territory before sharply moderating, signaling that the early part of the rally placed the crypto in an unsustainable upward acceleration. 

Daily chart for DASH/USDT (Source: TradingView)

While the RSI has since relaxed back into a healthier range, it still reflects lingering bullish control rather than a completed reversal. This puts DASH in a phase where buyers are still active but are no longer overwhelming the market.

The short-term EMAs are positioned above the medium-term trend, reinforcing that DASH is still in an established upswing. However, the gap between the shorter and longer EMAs is narrowing, suggesting the rally is losing some steam. 

If buyers regain strength, this structure could act as a launchpad for another push toward resistance. If not, it becomes the early warning sign of a deeper corrective phase.

The MACD remains above its signal line and in positive territory, confirming that momentum is still leaning bullish. Yet the histogram shows fading acceleration, indicating that the strongest phase of the uptrend may be behind us—at least temporarily.

Key Levels Define the Next Direction

DASH’s immediate upside continues to focus on the $97.86 resistance level. A break above this zone would confirm renewed bullish dominance and open a path toward the much higher $121.12 region. 

The structure of the chart suggests that if momentum returns, these levels are achievable, but buyers must first chew through substantial sell-side liquidity.

On the downside, DASH’s first major defensive level stands at $63.65, followed by deeper supports at $56.46 and $45.57. Given the cooling of high RSI readings and easing momentum, a retest of lower supports remains a realistic scenario if buyers fail to reclaim lost ground.

Order Book Walls Highlight Critical Battle Zones

The order book paints a clear picture of where short-term liquidity could radically shift price direction.

Major Ask Walls

• $84.50: A large sell wall here is preventing DASH from extending its current recovery. Clearing it could unlock an ≈11.46% upside toward the next resistance band.
• $78.00: A nearer-term barrier; breaking it opens ≈2.89% of upward breathing room.
• $90.00: A deeper resistance that could trigger ≈18.72% acceleration if bulls overpower the sellers concentrated here.

Those ask walls show that upward continuation will require real conviction, buyers must absorb meaningful liquidity before the price can attempt a breakout toward the upper resistance levels.

Major Bid Walls

• $70.00 and $68.00: These are the most important short-term floors. If either falls, DASH could slide 7–10% swiftly due to thin liquidity beneath them.
• $66.00: A deeper wall where a breakdown could trigger an even steeper ≈12.94% drop.

These structures imply that buyers still have a strong defensive presence—yet if those walls collapse, selling pressure could accelerate quickly.

Potential Trading Scenarios

Long Setup

A long position becomes more attractive if DASH can break through the cluster of ask walls—particularly $84.50, which has been capping upside momentum. 

A decisive close above that zone, paired with a renewed MACD expansion, could be a catalyst for a move toward $97.86. More aggressive bulls may look for continuation into the next major resistance at $121.12 once the first level is cleared.

Protective stops for longs may be placed just below the bid wall region (around $70–68), because a break beneath this liquidity block would signal weakness strong enough to invalidate the immediate bullish bias.

Short Setup

A short thesis strengthens if the price fails repeatedly at the $78–84.50 ask-wall cluster and momentum indicators continue to cool. A breakdown below the $70–68 liquidity floor would offer the cleaner confirmation for shorts, as losing these supports would likely trigger accelerated selling down toward $63.65, and potentially $56.46 if bearish pressure builds.

Short positions should consider tightening risk if DASH rebounds from any of the major bid walls, as these remain zones of strong buyer interest.

Outlook

DASH stands at a pivotal point: bullish momentum is still alive but weakening, and key order book walls now define the battlefield. The chart suggests consolidation with a slight bullish lean, but the next major move—up or down—will likely be driven by which liquidity wall breaks first.

Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.