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Recently, DASH has caused quite a stir in the market. It surged over 41% within 24 hours, climbing from $44 to a high of $68. Although it subsequently retraced to $58, this rally still attracted a lot of attention. Trading volume also exploded, with daily transaction volume approaching $200 million, clearly igniting market enthusiasm.
From a technical perspective, the signals are quite strong. The short-term moving averages are well aligned, the MACD indicates bullish momentum, and with privacy coins recently being a hot topic again, DASH is indeed showing signs of "continuing to rise." Community voices are also optimistic, with many discussing whether there is still room for this rally to go further.
However, have you ever wondered why this is happening at this particular moment?
There is a saying quietly spreading in the community: this may be related to the update of mining hardware. It is said that a new generation of DASH miners is about to be mass-produced or is already in production, and rising coin prices often stimulate enthusiasm for mining hardware sales. The logic is straightforward—when the price is high, the mining profit expectations become more attractive, making miners and investors more willing to buy. Once most of the machines are sold, this upward momentum may gradually fade.
This is not an absurd guess but a recurring script in the market. Many cryptocurrencies have experienced similar patterns—price increases that coincide with the release of new mining equipment. But once the main players have sold out or the mining hardware inventory is cleared, prices often undergo significant corrections, with some entering long-term downtrends.
If you're considering whether to chase the peak now, it might be helpful to think about these questions: How much of this rally is driven by genuine market demand, and how much is short-term speculation? Is your entry price already a bit high? Can you withstand a pullback if it happens? And most importantly—are you truly prepared to cut losses in time? The answers to these questions might be more important than just looking at candlestick charts.