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Recently, the market for DASH has indeed been extremely hot. Yesterday, someone asked me about this coin, and today it suddenly surged by 69%. The entire market immediately saw a bunch of "tech experts" emerging, discussing project prospects and future valuations. The套路 (套路) is almost identical to the peak of the 2021 bull market.
I have to be honest, these are the times when things are most likely to go wrong. Anyone who has experienced several bull and bear cycles understands that the more lively and chaotic the scene, the more traps are hidden there. So today, I want to analyze from a data perspective the secrets behind this wave of DASH's price increase.
Let's start with the most critical indicators. Currently, DASH is quoted at $64.31, but the real signal behind this number is what matters—RSI (Relative Strength Index) has soared to 96.76. Many newcomers might not be familiar with this number, so here’s a simple translation: RSI normally ranges from 0-100, with over 70 indicating overbought conditions, and over 90 signaling extreme madness. What does 96.76 mean? In other words, out of ten traders, almost all are frantically pressing the buy button, with hardly anyone selling. I haven't seen such an extreme scenario in years; the last time was during the crazy 2021 rally.
Next, let's look at trading volume. The daily trading volume of $76.2 million sounds impressive, but combined with a 69% increase, it feels off. Such a large increase should be supported by corresponding volume, but the reality is clearly mismatched. This is a typical signal of retail investors following the trend and institutions quietly offloading. Past lessons tell us that whenever we see this kind of "volume-price divergence," it usually results in either a quick correction or long-term trapping. Beginners should never be blinded by the current surge.