Dash (DASH) Nears Potential Trend Reversal as Key Support Holds Firm

The Dash (DASH) price is currently trading around $68, showing early signs of stabilization after a sharp decline that saw it drop over 45% in the past week. Analysts highlight that the price is holding critical support between $64 and $68, with the $63.75 level aligning with the 0.75 Fibonacci retracement pocket, often a zone for potential reversals.

Key resistance is identified between $72 and $76, and a breakout above this range with substantial volume could confirm a trend reversal, paving the way for targets near $90 and potentially $110 to $140. However, if support at $64 fails, further downside is likely. Technical patterns such as a possible double-bottom or rounded bottom formation are emerging, indicating seller exhaustion and gradual buyer control.

Analyst Jonathan emphasizes that while nothing is confirmed, the steady price action and local downtrend break suggest momentum may be shifting. The market is closely watching for a decisive move above resistance or below support to determine Dash's short-term trajectory.