Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
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.