DASH has exited a prolonged descending channel, marking a shift from bearish control to sustained upside momentum. The cryptocurrency has surged from the mid-$30 range to the low-$90s, reflecting a 120% increase. This move follows a period of extended compression, often associated with momentum ignition after prolonged balance.
Technical analysis indicates that DASH has broken above channel resistance with strong bullish candles, suggesting committed demand rather than temporary short covering. The breakout has been supported by volume and value metrics, pointing towards continuation rather than short-term exhaustion. Former resistance between $60 and $70 has transitioned into structural support, reinforcing the developing bullish structure.
On the monthly chart, DASH is testing a critical macro resistance formed over nearly eight years. A confirmed monthly close above this trendline could mark a significant shift in market structure, potentially accelerating trend progression as legacy selling diminishes.
DASH Surges 120% as It Breaks Multi-Month Downtrend
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