DASH has surged 22.41% to $45.72 amid renewed buying pressure, with trading volume spiking 261.43% to $391.84 million. The cryptocurrency has gained 52.78% over the past week, signaling a strong recovery phase after a prolonged consolidation.
Technical analysis reveals a descending triangle pattern forming on the 4-hour chart, with price compression near the $45-$50 resistance zone. A breakout above this level could trigger a rally toward the $100 psychological mark, while failure may lead to another rejection phase.
Market structure is tightening as volatility increases, suggesting an impending sharp directional move. Traders are closely monitoring whether the current momentum can sustain a breakthrough of key resistance levels.
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