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DASH Plunges 11.75% as Bearish Channel Tightens; Key Resistance at $92.52

DASH Plunges 11.75% as Bearish Channel Tightens; Key Resistance at $92.52

Author:

Global Cryptocurrency

Published:

2026-01-31 22:04:08

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[TRADE_PLUGIN]DASHUSDT,DASHUSDT[/TRADE_PLUGIN] DASH News -

Dash (DASH) has extended its decline, dropping 11.75% over the last 24 hours and bringing its weekly loss to a steep 30.25%. Despite a 14% increase in trading volume to $185.91 million, this divergence signals ongoing distribution rather than selling exhaustion. The token is now testing a critical support level at $45.35.

Technical analysis reveals a clear descending channel formation, with consistent lower highs since the price was rejected from the $92-$93 zone. Analysts note a lack of bullish reversal patterns, with firms like Vuori Trading highlighting the restricted upside potential. The market rout is reflected in Dash's capitalization, which has fallen to $570.58 million.

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