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Look at DASH's recent trend; it's quite interesting. The price has hardly retraced during this period and has been steadily moving upward.
From the candlestick chart, the 7-period moving average is firmly holding below, indicating strong short-term bullish momentum. More importantly, the 30-period moving average is also continuously rising, further confirming the strength of the upward movement.
The price has already broken through the 57 USDT range and hit a new high of 57.98 USDT. This shows that market buying sentiment remains quite active, investor confidence is good, and there is no shortage of momentum to continue pushing higher in the short term.
Currently, the support level is around 50.90 USDT, roughly near the 30-period moving average. If the price retraces to this level and stabilizes, it could be another rebound opportunity. Moving averages often provide support for the price, so this level is worth paying attention to.
Conversely, the current resistance level is at 57.98 USDT. If this level is truly broken, the next target could be 60 USDT. Once surpassed, bullish enthusiasm might intensify, and the upward space could expand further.
Overall, the feeling is that DASH's momentum is still very strong; bulls have completely taken control. The short-term upward direction is very clear. If the price can hold steady at 50.90 USDT during a retracement, a rebound is likely. And if it can break through the 57.98 USDT resistance, the subsequent upside potential is worth looking forward to.
In this kind of market, capturing changes in support and resistance levels is key to better keeping up with the market rhythm.