DASH Shows Signs of Bullish Reversal After 20% Weekly Drop, Key Resistance Levels in Focus
DASH, the privacy-focused cryptocurrency, has fallen 20% this week amid broader market pressures. However, technical indicators suggest a potential reversal, with traders watching resistance levels at $104.02, $120.37, and $135.80—levels reminiscent of its 2021 surge when it rallied 126%.
The token is currently trading around $68.02, holding above its 20- and 50-week Exponential Moving Averages (EMAs)—a signal of underlying bullish momentum. Analysts note that its 200-week EMA remains a critical barrier, while Bollinger Bands are tightening after months of consolidation between $20 and $35 through mid-2025.
‘Markets forget fast, but charts remember,’ observes ROSE Premium Signals, implying that DASH's current pullback may mirror past recoveries. The coin's mid-2025 rally past $120 before retracing highlights its volatility—and its appeal for traders seeking asymmetric opportunities.
