Market Overview for Dash/Tether (DASHUSDT)

Summary
• Price declined from 44.77 to 42.83, forming bearish engulfing and hanging man patterns near 43.7–43.9.
• Volume spiked 19x in the 9:45–10:00 ET window, aligning with a 6.8% drop in price.
• RSI hit oversold territory (<30) twice, suggesting potential near-term bounce from 42.5–42.8. • Bollinger Band contraction began at 44.4–44.5, followed by a sharp expansion as volatility surged. • Fibonacci retracement levels at 42.95 and 43.67 appear as potential near-term support and resistance.
Dash/Tether (DASHUSDT) opened at 44.61 on 2025-12-28 at 12:00 ET, reached a high of 45.24, a low of 42.00, and closed at 42.83 on 2025-12-29 at 12:00 ET. The 24-hour volume was 30,292.706 DASH, with a notional turnover of ~$1.31 million.

The 24-hour candlestick pattern displayed a broad bearish trend, marked by a strong break below a key support zone near 43.5–43.9 and a large bearish engulfing pattern. A hanging man appeared near 43.7, signaling potential exhaustion in the short-term decline. Volatility increased significantly as the price broke out of a Bollinger Band contraction, with a 6.8% drop following a 9:45 ET volume spike that was nearly 19 times the average. The RSI dipped into oversold territory twice, suggesting a potential short-term bounce near 42.5–42.8.

On the MACD, bearish momentum was strong in the morning hours, with a negative crossover followed by diverging price and oscillator lows in the afternoon. A 20-period moving average on the 5-minute chart acted as a dynamic resistance, repeatedly rejecting price near 44.4–44.5.

Looking ahead, DASHUSDT may find short-term support near 42.5–42.8 and resistance at 43.67 (Fib 61.8%). Traders should remain cautious of a potential rebound but watch for signs of renewed bearish momentum in the next 24 hours.