DASH retraced at the 95 level, and the open interest gradually increased. The hourly chart has already shown signs of a layered reversal. Observing the performance at the 6 o'clock close, it is expected that the 1-hour timeframe may continue to maintain a stable upward trend.



From a technical perspective, there are two possible scenarios: one is a direct retest around 92; the other is a quick rebound after breaking below 90, which could then trigger a new round of upward movement.

Once this upward channel is broken, it will create a very attractive shorting opportunity for bears. However, based on current indicators, the borrowing rate has already risen significantly, which usually indicates increasing bullish sentiment. In this context, a 10% rally is not unreasonable, and breaking through 100 is also possible.

Considering both technical analysis and market sentiment, the short-term upside potential is still worth期待ing. The market is right in front of us—make a plan, control risks, and then act decisively.
DASH12.1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ForkTroopervip
· 4h ago
I find the 92 level a bit uncertain, but the rise in lending rates is indeed a signal.
View OriginalReply0
GateUser-40edb63bvip
· 4h ago
Position 92 is too critical; if it can't break through, we'll have to wait and see when the bears come to smash.
View OriginalReply0
OnchainFortuneTellervip
· 4h ago
Wait, has 90 been broken yet? The analysis seems quite detailed, but I still don't dare to act.
View OriginalReply0
GasFeeCryingvip
· 4h ago
If they really start closing positions around 92, I might believe it, but this increase in fees is a bit interesting.
View OriginalReply0
AirdropCollectorvip
· 4h ago
The open interest has increased; there's something interesting about this wave.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)