DASH falls short of $100 as support at $73 becomes critical

Beincrypto reports DASH's rally failed near $100 as capital outflows signaled weakening momentum and bearish funding rates showed traders positioned for downside.

The altcoin surged nearly 130% and briefly reached about $96 intraday before the breakout failed; selling pushed prices down roughly 12% to trade near $74, while the Chaikin Money Flow printed higher lows as prices made higher highs, indicating weakening capital support and distribution.

Price is holding above the 61.8% Fibonacci retracement near $73; a breakdown would risk a slide toward $60 and possibly the 23.6% level near $50, whereas a rebound and a move above $83 would open the path to retest $100. The article notes the analysis is for informational purposes and should not be considered financial or investment advice.

Key Topics

Crypto, Dash, Chaikin Money Flow, Funding Rate, Fibonacci Retracement, Coinglass