DASH's recent rally has been incredibly strong, soaring from over 1200 yesterday to double that now. Such rapid increases are usually hard for retail investors to keep up with.

In comparison, XMR has also been moving recently, and the race between the two privacy coins is to see who can run faster. However, based on the data from the futures market—15 billion yuan in daily trading volume and a turnover rate of 120%—this level of activity is clearly beyond what retail investors can sustain; there are large funds behind it.

From a technical analysis perspective, on the 4-hour chart, DASH has already broken through the upper Bollinger Band, the MACD red histogram continues to expand, and a golden cross has formed upward. Most importantly, the trading volume has surged significantly, and combined with the price staying above the moving average in a one-sided upward trend, all these signals point to one conclusion—there is a big player manipulating the market.

In the short term, this pattern is likely to continue, but caution should be exercised for a possible pullback.