Dash Faces Key Resistance as Bears Push Price Toward $92.52 Target

Dash (DASH) extended its decline on Saturday, falling nearly 11.75% over the past 24 hours as heavy selling pressure reinforced a broader bearish trend across the market. The drop came alongside rising trading activity, suggesting that the move was driven by active participation rather than thin liquidity.

The weakness adds to Dash’s steep weekly losses. Over the past seven days, the token has declined by approximately 30.25%, reflecting sustained downside momentum despite intermittent volatility.

At the time of writing, DASH was trading near $45.35, according to CoinMarketCap data, as bearish sentiment continued to weigh on price action.

Trading activity remained elevated during the sell-off. Dash’s 24-hour trading volume rose to $185.91 million, up nearly 14%, while its market capitalization fell to $570.58 million, mirroring the daily price decline.

The combination of falling price and rising volume points to distribution, a signal often associated with trend continuation rather than exhaustion.

Also Read: Dash (DASH) Tests Falling Wedge Resistance as Breakout Eyes $100 Target

Price Structure Signals Continued Weakness

On the 4-hour chart, Dash remains locked in a well-defined descending channel after peaking near the $92–$93 region earlier in the cycle. Price continues to form lower highs and lower lows, confirming a bearish market structure that has yet to show signs of reversal.

According to the crypto analyst Vuori Trading, Upside movements are restricted by the upper edge of the channel and the 0.382 Fibonacci retracement at $78.95, which remains an important resistance area. As long as prices remain below this mark, sellers are in control, even when prices temporarily move back up.

On the negative side, the price is pressing into a critical demand zone between $48 and $50. If the price were to break below $48, it would then open up the way to other price levels around $42, and then lower to a liquidity zone around $38.

Any attempts to bounce would face resistance at the price level around $62.17, which is the 0.236 Fibonacci level, with stronger selling pressure expected as it approaches the price level around $78.95. A complete bullish reversal would then put its sights on the larger price target around $92.52.

Momentum Indicators Favor Sellers

The momentum indicators are still aligned with a bearish bias. As can be seen in the TradingView chart above, the RSI (14) for this weekly chart is trading at around 49.87 and is still trading below its approximately 58.05 RSI Moving Average. This is an indication that the momentum for this stock is losing steam and is trading neutrally bearish until it can re-enter the 55-60 zone.

The MACD remains in favor of the downside. The MACD weekly histogram remains at -0.93, stubbornly negative, and continues to be below the signal line, which is a clear indication of selling pressure. Until the MACD weekly histogram shows any sign of tightening, the selling pressure is set to remain.

Why This Matters

Dash’s ongoing decline is an indicator of the lingering downside risks, as it reveals that sellers are still in control of the market.

The key support and demand zones around $48-$50 are under threat, and unless Dash manages to break through the current resistance around $78.95, any attempt to rally towards $92.52 will be delayed.

Also Read: DASH Declines 20% but Signals Suggest Potential Short-Term Upside