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Summary
• Price formed a bullish engulfing pattern on 5-min chart, suggesting potential short-term strength.
• RSI approached overbought territory, hinting at possible near-term pullback.
• Volume surged during late ET hours, confirming price action and supporting breakouts.
• Key resistance appears to be forming around the $43.20–$43.30 range.
• Volatility expanded with a 4.2% range from low to high, indicating increased market participation.
Dash/Tether (DASHUSDT) opened at $42.09 on 2025-12-29 at 12:00 ET, reached a high of $43.60, dipped to a low of $41.96, and closed at $43.10 on 2025-12-30 at 12:00 ET. Total volume was 109,736.31 DASH, with $4.62 million in notional turnover over 24 hours.
Structure & Formations
Price action on the 5-minute chart highlighted a strong bullish engulfing pattern late on 2025-12-29, followed by a consolidation phase before a late ET breakout. A key resistance level formed around $43.20–$43.30, which appears to be holding as the price tested this area multiple times. A prior support level at $42.45–$42.50 now appears to be shifting into a dynamic support/resistance zone.
Moving Averages and Momentum
On the 5-minute chart, the price remained above the 20-period and 50-period moving averages during the final hours of the period, indicating positive momentum.

Volatility and Bollinger Bands
Volatility expanded significantly over the 24-hour period, with a high-low range of 4.2%. The price spent the majority of the period in the upper half of the Bollinger Bands, suggesting increased bullish sentiment. A minor contraction in volatility occurred briefly before a breakout, often a precursor to a significant price move.
Volume and Turnover Analysis
Volume spiked during the early and late hours of the period, aligning with key price moves. A divergence between volume and price appeared briefly during consolidation, but volume quickly confirmed the late ET breakout. Turnover increased in proportion with the price move, reinforcing the strength of the trend.
Fibonacci Retracements
On the 5-minute chart, the price found temporary support at the 61.8% Fibonacci level of a recent bearish swing. A larger daily move from $41.96 to $43.60 saw a retracement to $42.45, which coincided with a key support zone. This retracement suggests potential for a retest of the $43.60 high before a possible pullback.
Over the next 24 hours,
may test the $43.20–$43.30 resistance cluster, with a successful break potentially leading to a retest of the session high at $43.60. However, investors should remain cautious as overbought conditions may trigger a short-term pullback.Decoding market patterns and unlocking profitable trading strategies in the crypto space

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