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.
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ForkTrooper
· 7h ago
I find the 92 level a bit uncertain, but the rise in lending rates is indeed a signal.
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GateUser-40edb63b
· 7h 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.
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OnchainFortuneTeller
· 7h ago
Wait, has 90 been broken yet? The analysis seems quite detailed, but I still don't dare to act.
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GasFeeCrying
· 7h ago
If they really start closing positions around 92, I might believe it, but this increase in fees is a bit interesting.
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AirdropCollector
· 7h ago
The open interest has increased; there's something interesting about this wave.
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.