The post Dash Price Rockets 66%, Can it Make it to $160? appeared first on Coinpedia Fintech News
The Dash price has just delivered one of its wildest runs in years. I watched as Dash ripped 66.6% higher in the past 24 hours, igniting a rally that crushed the broader cryptocurrency market. For context, Dash’s market cap ballooned 64% to $1.8 billion, and trading volume shot up 40%. The weekly tally is even more stunning, Dash jumped 194%.
Three forces drove this move, privacy coin sector momentum with an 80% weekly surge with Dash leading, A wave of bullish ecosystem news, and a technical breakout that demolished a 968-day downtrend. The rapid incline was supercharged by a $13M short squeeze, where bears absorbed heavy liquidations. This created a frenzy as traders piled in, chasing records above $140. The volatile mix of breakout charts and liquidations has made Dash today’s main event.
$7+ Million in Liquidations?
Tracking Dash shorts in real time, I saw over $13M get wiped out as the price ripped higher. Most pain landed on bears, with short liquidations outweighing longs on every timeframe. In just 24 hours, Dash traders faced $7.26M total liquidations, as $6.03M from shorts dominated.
This was not random, the squeeze stretched across 12 hours and $5.19M), with shorts taking $4.48M losses. The biggest clearing house was Binance, with $1.10B volume. CoinGlass data shows a market caught in a stampede, where failed bets get punished hard.
Price Analysis
Dash price is trading at $144.22, pumping 63.83% in a single day and hitting a 7-day gain of 194%. The short squeeze drove the price straight through prior resistance at $90 and then $130, validating a dramatic breakout. Technically, the breakout torched a 968-day downtrend, turning Dash into the fastest mover on the privacy coin chart.
Successively, the RSI on the 4-hour chart stands at 82.49, deep in overbought territory, signaling risk of a near-term pullback. Recent candles show price clipping a 24-hour high at $148.98 before retreating, with visible volatility spikes. Moreover, the Bollinger Bands are wide, indicating high volatility after consolidation.
That being said, key resistances sit at $140 and next at $159.95, while $90 and $59.76 represent immediate support zones. Dash market volume is concentrated on Binance ($1.1B), which can amplify price swings if whales rotate positions. If RSI remains elevated, a further squeeze is possible, but the risk of a sharp correction cannot be ignored.
FAQs
Dash soared on privacy coin sector momentum, a bullish breakout above long-term resistance, and $13M in short liquidations that triggered further upside moves.
Yes. The current RSI at 82.49 suggests Dash is very overbought, and sharp volatility may trigger a pullback, especially if short-term traders take profits at resistance.
Major resistance sits at $140 and $159.95. Immediate supports rest at $90.06 and $59.76. Break below support could invite heavier selling or fresh liquidations.
