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posted a 24-hour low near $22.11, rebounding with a bullish reversal on volume
• Price found short-term support around $22.30–22.35, with a failed bearish breakdown below it
• MACD crossed into negative territory, while RSI showed mild oversold conditions
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Bands widened as volatility increased, with price lingering near the lower band
• On-balance volume suggests strength in the $22.30–22.45 range for potential consolidation
Dash (DASHUSDT) opened at $22.88 on 2025-08-24 at 12:00 ET and closed at $22.20 on 2025-08-25 at 12:00 ET, reaching a high of $23.66 and a low of $22.11. Total volume amounted to 53,160.56 DASH, with a notional turnover of approximately $1,188,186.
Structure & Formations
Price tested key support at $22.30–22.35 multiple times, failing to break decisively below. A bullish engulfing pattern formed around $22.30–22.35 on 2025-08-25 morning, hinting at a possible reversal after a bearish breakdown attempt. The $22.60–22.65 range appears to be a minor resistance zone, with the 20-period 15-min EMA providing some dynamic support.
Moving Averages
On the 15-minute chart, the 20-EMA (around $22.37–22.40) and 50-EMA (slightly lower) both provided short-term directional guidance. On the daily chart, the 50-day EMA sits at approximately $22.75, and the 200-day EMA near $22.20–22.25, suggesting a possible support level for the next 24 hours.
MACD & RSI
The MACD crossed below the signal line in the early hours of 2025-08-25, indicating bearish momentum. RSI dipped into oversold territory around $22.20–22.15, suggesting short-term buying interest may emerge. However, the divergence between RSI and price action during the early rebound implies caution around overreliance on momentum indicators.
Bollinger Bands
Volatility expanded throughout the 24-hour period, with the Bollinger Bands widening. Price traded near the lower band for much of the session but showed signs of a bounce as it approached the 22.15–22.20 range. A retest of the upper band could occur if buyers regain control above the 20-EMA.
Volume & Turnover
Volume surged during the 19:45–20:00 ET period with a sharp drop from $23.64 to $23.21, indicating significant bear pressure. Notional turnover followed a similar pattern, confirming the strength of that move. However, volume during the bullish rebound near $22.30–22.35 was moderate, raising questions about the sustainability of the reversal unless turnover increases.
Fibonacci Retracements
Applying Fibonacci to the recent swing high of $23.66 and low of $22.11, key levels are at 38.2% (~$22.86), 50% (~$22.88), and 61.8% (~$23.00). Price has stalled near 38.2% in the 24-hour timeframe, which could offer a potential pivot point if buyers step in.
DASHUSDT may consolidate around $22.30–22.45 in the next 24 hours, with a breakout attempt likely. A retest of $22.65 could offer early resistance, while a failure to hold $22.20 could trigger a deeper correction. Investors should remain cautious and watch for volume confirmation.
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