DASH Technical Breakdown: Navigating the Descending Triangle Collapse

Current Market Status

DASH has experienced a significant correction from its recent highs, with the token currently trading at $41.50 and displaying a +2.25% intraday movement. This represents a notable pullback from the earlier rally peaks, signaling a shift in market sentiment that traders need to carefully monitor.

The Descending Triangle Pattern & Price Action Analysis

After an impressive upside push that drove DASH/USDT well above $150, sellers gradually reasserted control. The price formation evolved into a descending triangle—a bearish continuation pattern characterized by lower swing highs and a flat base. This technical setup eventually broke to the downside, unleashing a wave of liquidations and panic selling that compressed the asset toward critical support levels.

The reversal wasn’t random; the $65–$67 band has proven to be a robust demand zone where buyers historically accumulated DASH during consolidation phases. This level now acts as the first line of defense against deeper losses, and its ability to hold will be crucial for determining the asset’s next directional move.

Momentum & Indicator Signals

The Relative Strength Index (RSI) has recovered from severely oversold conditions (previously near 35), suggesting that selling pressure is gradually exhausting. However, the longer-term trend structure remains compromised—the exponential moving average (EMA) is still sloping downward, indicating that bulls haven’t yet reasserted dominance. DASH must convincingly reclaim this moving average to flip the intermediate trend from bearish to neutral.

Strategic Trading Levels & Plan

Upside Targets (Take Profit Zones):

• $82–$90: A zone aligned with previous resistance and the declining moving average. If DASH can secure a close above $75–$77, this range becomes achievable in the near term through short-term bullish retracement.

Downside Protection:

• Stop Loss at $64: Positioned just below the recent support foundation, offering a defined risk boundary. A break below $65 could trigger an acceleration toward $55 or lower.

Key Confluence & Risk Management

The critical battle zone sits between $75–$77. A sustained break above this level would confirm early-stage buyer accumulation and target the $82–$90 resistance band. Conversely, a failure to hold the $65 support could signal deeper weakness, potentially opening a path toward $55 and testing further downside.

Monitor volume during any rallies—strong volume into resistance is a bullish confirmation signal, while weak rallies may indicate another false bounce before resuming the decline.