Market Structure and Key Levels
DASH trades within a tightening structure on the 4-hour chart as buyers and sellers converge near a major decision zone. Market participants now monitor volume and behavior around resistance for clues on the next directional move.
DASH trades inside a symmetrical triangle driven by lower highs and higher lows. The pattern forms after several weeks of compression in which price moves toward equilibrium. This structure reflects a market preparing for a decisive expansion move.
CryptoBull_360 noted the setup on social media, pointing to the strong formation of the triangle on the 4-hour timeframe. The comment also referenced rising volume, which often supports attempts to move beyond compression zones. Recent candles show early signs of participation increasing around key trend levels.
The chart also displays repeated support along the triangle’s lower boundary. Each reaction creates a higher low, showing steady buyer interest during pullbacks. This structure keeps price coiled beneath resistance as the market approaches the triangle’s apex.
Support and Consolidation
The visible range profile places the Point of Control near the middle of the consolidation. This area reflects heavy trading activity and acts as a region where price spent meaningful time. DASH recently moved above this PoC and then retested it successfully, forming a clean support flip.
This shift reinforces the current structure by turning a former barrier into a base for potential continuation. The ability to hold above the PoC adds stability to the ongoing compression and aligns with the pattern described by CryptoBull_360. Market acceptance near the PoC also reduces immediate downside pressure.
The body of recent candles shows steady engagement as price holds the reclaimed support. This stability allows DASH to push gradually toward the upper trendline of the symmetrical triangle. Traders now watch whether buyers can sustain strength as the pattern matures.
Resistance and Breakout Potential
Price as of writing approaches the horizontal resistance sitting just above the triangle’s upper boundary. DASH touched this zone several times during earlier attempts but failed to generate a strong breakout. The current push carries increased volume, which may support a renewed challenge of the barrier.
The breakout projection illustrated on the chart points toward a target near the $150–$160 region. This measurement comes from the height of the triangle’s earliest swing. Such projections rely on follow-through and the ability of buyers to hold above resistance levels once crossed. Price as of writing, trades near the mid-$90 range as the market waits for confirmation. Volume behavior around the breakout zone will guide traders on whether the move is sustainable. Extended consolidation near resistance suggests preparation for a larger directional shift.