DASH Stabilizes Above $100 After Dropping 25% From March 2022 Peaks
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Past Performance
Currently, the coin is stable versus the USDT and down double digits in the previous trading week. DASH is within a bear continuation pattern following the distribution in early April 2022.
DASH Technical Analysis
After an extended consolidation from March 23 to April 5, 2022, DASH prices crashed below the $120 support level, reversing from March 2022 highs.
As per the candlestick arrangement, sellers are squarely in control as bear candlestick bands along the lower BB, pointing to strong selling pressure. Even though the bear advance was halted on April 12, DASH prices are still within the April 11 bear engulfing bar.
Therefore, from volume analysis, every pullback towards $110—or April 11 high—provides an entry for sellers to unload with targets at $90—the 78.6 percent Fibonacci retracement level of the February lows and March 2022 highs.
On the flip side, an encouraging close above $110 may be the basis for more gains in the short term.
What to Expect?
DASH is cooling off after an 80 percent advance from 2022 lows. Even though sellers have the upper hand in the immediate term, a bounce beyond $110 invalidates the bear outlook.