Dash [DASH] recorded a 12% price increase over the past day, fueled by robust capital inflows from retail investors and private wallet transfers. A notable $2.69 million acquisition saw tokens immediately moved to private wallets, signaling long-term optimism, with total purchases reaching $5.62 million this week. Derivatives market activity added to the momentum, with open interest surging 26% ($20.58 million).
However, bearish warnings emerged. The weighted average Funding Rate turned negative at 0.8088%, indicating dominance by short positions, a level last seen on November 16 before a 49% price crash from $104 to $52. If repeated, DASH could drop from its current $64.77 to around $31.7. Technical analysis revealed a bearish divergence in the Balance of Power (BoP) and Aroon Down indicator dominance, suggesting persistent selling pressure.
Contrastingly, crypto analyst Crypto Patel highlighted a potential bullish reversal, noting DASH reclaimed a weekly demand zone after sweeping sell-side liquidity, with price around $63.24. Key upside targets include $104.25 and $150, supported by a risk control level at $37.90. A retest of the weekly order block may confirm strength before any sustained upward move.
Privacy tokens, led by DASH, dominated market sectors per Artemis data, yet the mixed signals leave DASH's trajectory uncertain, urging caution for traders.
