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BTCC / BTCC Square / Global Cryptocurrency /
DASH Consolidates After January Rally: Is a Breakout Toward $140 Imminent?

DASH Consolidates After January Rally: Is a Breakout Toward $140 Imminent?

Author:
Global Cryptocurrency
Published:
2026-01-23 14:14:46
17
3
[TRADE_PLUGIN]DASHUSDT,DASHUSDT[/TRADE_PLUGIN]
DASH News -

DASH has entered a decisive technical phase following a cooldown from a strong January rally. The cryptocurrency's price action reflects consolidation, but underlying market structure and on-chain data hint at preparation for its next directional move. Traders remain focused on key support levels to gauge sustainability.

Technical analysis reveals DASH surged aggressively earlier this month, peaking NEAR $96.5 before undergoing a measured retracement. The corrective nature of this pullback suggests profit-taking rather than broad distribution, with downside pressure appearing limited. Current consolidation allows the market to absorb supply while preserving the bullish structure.

At $70.29, DASH holds firmly above the $62.4 support level. A 12% intraday upside reaction and gradually increasing volume signal rising bullish demand. The cryptocurrency has respected the lower boundary of a symmetrical triangle pattern formed since early January, reinforcing technical strength and setting the stage for a potential breakout.

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