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On the technical side, the MACD has just shown a bullish crossover, and many are starting to speculate whether it can bottom out. Additionally, Dash has recently integrated more fiat payment channels, and merchant adoption is increasing. These news seem to give a slight illusion of "value support."
But if you look closely, the rebound might just be a fleeting moment; expecting it to surge to $100 is probably unrealistic.
Why do I say that? First, $100 is not only a psychological barrier but also a key level where many retail investors who entered at higher prices tend to cut losses. From a market behavior perspective, this level is often the "favorite" resistance zone for big players—used to induce more buying during rebounds and to increase selling pressure when approaching, causing the price to face renewed resistance. Looking at recent movements, each rebound appears weak, and trading volume hasn't continued to expand, indicating that large funds have no real intention to push the price higher.
Second, although technical indicators show oversold conditions in the short term, the medium to long-term moving averages still display a bearish alignment, and the overall trend has not reversed. The so-called "bullish crossover" in a downtrend often only signifies a technical rebound rather than a trend reversal. Plus, market sentiment is clearly divided—some are calling for a bottom, while others are taking the opportunity to sell. In such an environment, it’s difficult to form a collective effort to break upward.
Therefore, for those holding DASH, it might be better to stay alert: the rebound isn’t meant to make you expect new highs but to give you an opportunity to reduce or adjust your positions. If a real rebound occurs, especially near the $80-$90 region, resistance will significantly increase. Instead of stubbornly waiting for a "breakout," it’s wiser to actively respond—sell in parts during the rebound, or even consider light short positions at key resistance levels.
In summary, under the current market structure, breaking through $100 for DASH is quite challenging. Big players won’t easily let retail investors collectively exit at a profit, and the market won’t simply reverse V-shaped just because of technical oversold conditions. Staying flexible and not being greedy during rebounds might be a more rational approach. $DASH #隐私币行情分化