Dash (DASH) is still being sold, and the chart does not show any real change yet. Each small bounce meets sellers, and the downtrend remains.
On the 1H chart, the DASH price moved up briefly but was turned away at a falling trendline that has stopped price for several days.
That rejection matters. Each time the DASH reaches this line, sellers show up quickly and push it back down. This tells us supply is still active overhead and buyers are struggling to follow through.
The rejection also happened near a prior supply zone, reinforcing the idea that this area is being used to sell into strength rather than build long positions.
Source: X/VERTIX
Moreover, below current price, there is a clear fair value gap (FVG) that has not been filled yet. These gaps often act like magnets. As long as the DASH price stays below resistance, price tends to drift back toward them.
This unfinished imbalance lines up with the analyst’s view that downside remains open. If price fails to reclaim the broken level as support, the path toward the mid-$35 area becomes much cleaner and faster.
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Structure also leans bearish. Lower highs continue to form, and the latest bounce did not break that pattern. Instead of flipping resistance into support, the DASH price stalled and rolled over again.
This is why the idea of a “trap” still applies. Short bounces can look convincing, but without a clear reclaim, they often end up being exits for sellers rather than real reversals.
What Would Change the Picture for DASH?
For this outlook to weaken, the DASH price would need to reclaim the descending trendline and hold above it. That would suggest sellers are losing control and the FVG risk below is fading.
Until that happens, the chart still favors downside continuation. Sellers remain in control, and price action suggests the move lower may not be finished yet.
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