DASH skyrocketed by 57%! It will soon hit the $80 mark!

In just one week, this asset soared by 57.11%, with the price directly reaching $54.40! And it’s not over yet! Look at the trading volume in the last 24 hours, $588,951,773! It’s absolutely on fire, and the enthusiasm of investors is frighteningly high!

However, after DASH surged to a 7-day high of $57.36, it took a slight breather, dropping 4.99% in 24 hours. That said, in the past week, it has raced from $31.29 all the way to $57.01, completely breaking the long-term consolidation curse!

With a circulating supply of 12 million DASH, the market cap has skyrocketed to about $663.7 million, with a fully diluted valuation (FDV) reaching $1.035 billion! Such strength is impressive!

Now, DASH is firmly standing at the support level of $40, showing great resilience. This lays a solid foundation for its upcoming bullish rebound. Historically, this $40 level has been a consolidation area for most of 2023 and 2024!

However, the resistance level of $80 won’t be easy to surpass. In mid-2023, DASH stumbled here. In the short term, DASH may retrace or consolidate between $60 and $65, which is also a mid-level resistance area. So, traders are closely monitoring momentum indicators, fearing they might miss any signs of a cooling off.

The MACD indicator is maintaining a bullish momentum, with the histogram at 3.90, and the MACD line well above the signal line. This suggests that DASH’s upward momentum will continue in the short term, although some traders are still cautious, fearing they might be caught off guard by divergence signals.

So, can DASH really break through the $80 mark? DASH's total locked value (TVL) is $340,423, and network activity has also increased by 10.24% in the past 24 hours! The buying interest is remarkable!

Thus, as long as DASH can withstand the mid-term challenge of $60-65, it could continue to climb towards the $80 resistance level. If the bullish momentum can truly persist, then breaking through $80 will be just around the corner!

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