Oh, Dash. It swelled its belly by over 10% in just 24 hours, ballooning from $40.20 to $44.44 while Bitcoin curled up in its Bitcoin blanket, managing a meager 0.14% nudge upward. The grand trek to the $95k promised land? Not today, oh no.
There was hope, though. The price of Dash had been squished between a dull $85k and $90k for the last month, and now it looked like it might blow up like one of my spontaneous digestive crises. Meanwhile, ZCash, that host of grandmas prancing freely about above $500, seemed to cheer it on. Is this the privacy coin upper crust scolding Dash for being less anonymous at their social gatherings? We aren’t quite sure.
The curiosity wasn’t mildy piqued: just how high can Dash go? Is $50 too ambitious, akin to me donning a wedding dress for just a day?
Structural Shift: Dash Dreams of Sweet $50
The 1-day chart appeared almost cheerful. As Saturday rolled around on December 27th, the downtrend – much like my attempts at talking about my feelings – finally had room for optimism. Dash had broken out of the $41.27 lower high ceiling, like a party popper eager to soar.
It has been a long, grinding descent since mid-November (as all things in life), failing to clutch the 78.6% fib level at $63 with the tenacity of a cling wrap refusing to let go. The bears must’ve imagined their victory one sweet moment longer than usual.
But the Ottomans had returned! The next big-time supply zone was draping its scarlet hue at a fortuitous $52.5. The On-Balance Volume indicated a non-enthusiastic ‘maybe,’ and the RSI was playing coy above its neutral 50: a blush-inducing tango of numbers that suggested something might be brewing.
According to an interstellar X trader, Dash is charging through its fifth high-energy wave, making quite likely a case for Elliot Wave analysis enthusiasts. Our hopeful scalpel point? A dazzling $50.4 glittering on the horizon.
What Are the Odds? Dash’s Bullish Breakout Boxing Match
The Visible Range Volume Profile pointed out $48 like it was a parasol someone forgot on the beach. If the Dash were to break the $52 supply zone (and why not a $50 psychological level with a smirk?), it might need more than a dash of courage (see: capital). By January, our friend Dash might still be pacing exasperatedly.
Trader’s Call to Action: Book Wins, Like You’re Booking a Table at a Fancy Restaurant
A quick glance through a 1-month abyss into Dash’s liquidation travel history divulged that $53 was a storied location for exits – like a famous exit spot in a Jane Austen novel. This very zone could offer luxuriant comforts as a serene bearish fort if a breakout fails to happen at tea time.
With Bitcoin playing dead as well, look to be a defensive trader: book those gains and try not to cry over them later. Reminds me of explaining last year’s taxes. We get through it, one form at a time.
Final Thoughts: About Dash, Life, and Groceries
- Dash’s structure shift on the 1-day timeframe might be an early hint of a reverse trend – much like I suspect a return to Instagram quizzes.
- Reversal isn’t a guarantee and surely taxes and children need attention, so booking profits now, as one would with concert tickets, makes a lot of sense.
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2025-12-28 16:18