Market Overview for Dash/Tether (DASHUSDT)

Sunday, Dec 21, 2025 11:40 am ET1min read
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- DASHUSDT formed a bearish reversal pattern at 40.10, closing at 38.81 after a failed rally to 40.32.

- RSI hit 29.8 near oversold levels while Bollinger Bands widened, signaling heightened volatility and downside risk.

- Price tested 38.97 support twice, with a break below 38.60 threatening a move toward 37.90 on bearish divergence.

- Volume spiked during consolidation but diverged from price weakness, undermining bullish confirmation.

Summary

formed a key bearish reversal pattern at 40.10 after strong intraday rally.
• Volume surged during early morning consolidation but diverged with price weakness.
• RSI entered oversold territory near 30, suggesting possible near-term bounce.
• Price tested 38.97 support twice, with a break below 38.60 threatening 37.90.
• Volatility expanded as Bollinger Bands widened, indicating increased market uncertainty.

At 12:00 ET on 2025-12-21, Dash/Tether (DASHUSDT) opened at 39.36, reaching a high of 40.32 and a low of 37.80 before closing at 38.81. Total volume stood at 103,393.51 DASH, with $3,944,451.09 in turnover over 24 hours.

Structure & Formations


Price formed a bearish engulfing pattern at 40.10 during the early morning before failing to reclaim key resistance. The 38.97 level acted as immediate support, with a breakdown below 38.60 suggesting further bearish pressure. A doji formed near 39.36, hinting at indecision in the 39.10–39.40 range.

Moving Averages


The 20-period 5-minute MA showed bearish divergence as it crossed below a key resistance level near 39.85. Daily MAs (50/100/200) remained unbroken, but a sharp intraday pullback has increased the risk of a 50-day MA crossover.

MACD & RSI


The MACD histogram shrank in the negative territory during the afternoon, signaling waning bearish momentum. RSI reached 29.8, near oversold conditions, suggesting a short-term bounce may be likely but not confirming a reversal.

Bollinger Bands


Price action broke out of a tight Bollinger Band contraction early in the session, leading to a sharp expansion. DASHUSDT now trades near the lower band, indicating heightened volatility and elevated downside risk.

Volume & Turnover


Volume spiked during the intraday reversal phase but failed to confirm bullish strength as turnover declined. A divergence between volume and price emerged after 06:00 ET, with lower turnover accompanying the selloff.

Fibonacci Retracements


The 38.2% Fibonacci level at 39.25 and 61.8% at 38.90 acted as temporary pivots. A breakdown below 38.60 would expose the 37.90 level, the 61.8% retracement from the recent high of 40.32.

The market appears poised for a short-term bounce from oversold RSI levels, but key support at 38.97 remains under pressure. A sustained break below 38.60 could accelerate the move toward 37.90. Investors should monitor volume for confirmation of any reversal.