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Recently took a glance at DASH's candlestick chart and found that the price is repeatedly testing a very delicate position. Whether this wave of market can stabilize essentially determines the rhythm for the next week or even a longer period.
Why do I say that? It all starts with trading volume.
Although the price is trending downward, look at the volume—there hasn't been a surge of "skyrocketing" trading volume. What does this mean? It indicates that the current decline may not be panic selling. It could be a normal adjustment during an uptrend or artificial suppression by the main force at a critical point. What would real dumping look like? That would be massive volume accompanied by a sharp drop, with trading volume released in a fierce manner. The current moderate volume suggests that there are still people defending the market.
Let's analyze the opportunities for both bulls and bears:
**Bull side**: The price must firmly hold the 80 yellow line, and ideally recover back above 80.87 (green line). Once this is achieved, it indicates that the support has not been broken and a potential rebound is emerging.
**Bear side**: Effectively break below 80, and if the rebound afterward lacks strength and the price drops back down, it confirms a downward intention.
What is the real indicator? After breaking below that yellow line, if trading volume suddenly spikes and MA7 and MA25 start to turn downward, forming an initial bearish alignment—that is the signal. At that point, the next support level should be looked at in the 75-78 area on the left side of the chart.
For now, it all depends on how tonight's market moves.