Yesterday, someone asked me what DASH is, and today its price has surged nearly 70%. Suddenly, everyone has become a crypto veteran.
I checked the data. DASH is now quoted at $64.31, and the RSI indicator has skyrocketed to 96.76—what does this mean? In plain language, nine out of ten traders are frantically buying. This market sentiment is reminiscent of the 2021 bull market.
On the surface, the trading volume looks impressive—$76.2 million. But there's a critical detail: compared to the sharp price increase, the trading volume is actually quite weak. What signals does this reveal? Retail investors are rushing in madly, while institutions are quietly exiting.
Looking at the recent hour’s capital flow—net outflow of $330,000. The contradiction is that the price is still climbing, but money is fleeing. Experienced traders can see at a glance what this divergence means.
DASH’s privacy coin attributes do have a story to tell. From a technical perspective, the moving averages are in a bullish alignment, and the MACD has also crossed into a golden cross, so the chart looks fine. Where’s the problem? The RSI hitting 96.76 means it’s at a stage where you could buy blindly and still make a profit.
But history repeatedly shows us: when market enthusiasm reaches a level that makes newcomers think it’s a risk-free profit, losses often occur at the turning point.
Currently, the community is full of calls like "push to $100" and "target $1600." Honestly, when beginners start making price predictions, the ceiling is often already within reach.
For those who haven't bought in yet, don’t rush. The $44 level has strong support waiting, so you can wait for a pullback before considering entering. For those already in, now is the time to consider scaling out gradually.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
7
Repost
Share
Comment
0/400
TokenAlchemist
· 01-13 20:48
rsi at 96.76 screaming textbook liquidation cascade incoming... the vol/price divergence already tells u everything u need to know about who's actually holding the bags rn ngl
Reply0
HappyToBeDumped
· 01-13 13:59
RSI 96.76, retail investors are buying wildly, institutions are quietly pulling out, and net capital outflow is still increasing? I recognize this feeling, it's a déjà vu from 2021.
View OriginalReply0
BTCWaveRider
· 01-13 13:59
Hey, institutions are quietly pulling out, while retail investors are still frantically rushing? This is just outrageous.
View OriginalReply0
AirdropBlackHole
· 01-13 13:59
Institutions are running, retail investors are chasing, this rhythm feels a bit familiar.
View OriginalReply0
NftMetaversePainter
· 01-13 13:38
rsi at 96.76 screaming "sell" but everyone's just watching charts & pretending they understand blockchain primitives. the algorithmic beauty of this divergence is actually fascinating—price pumping while capital flows outward, it's like watching a generative piece collapse in real-time. institutions already ghosted, retail still chasing ghosts. classic paradigm shift nobody sees coming.
Reply0
CascadingDipBuyer
· 01-13 13:31
Funds are fleeing while prices are still rising, which is outrageous—classic trap to lure more buyers.
View OriginalReply0
OldLeekNewSickle
· 01-13 13:30
The market liquidity is fleeing while prices are still rising, which is outrageous. I've seen too many projects where RSI skyrockets to this level, and the story always ends the same.
Yesterday, someone asked me what DASH is, and today its price has surged nearly 70%. Suddenly, everyone has become a crypto veteran.
I checked the data. DASH is now quoted at $64.31, and the RSI indicator has skyrocketed to 96.76—what does this mean? In plain language, nine out of ten traders are frantically buying. This market sentiment is reminiscent of the 2021 bull market.
On the surface, the trading volume looks impressive—$76.2 million. But there's a critical detail: compared to the sharp price increase, the trading volume is actually quite weak. What signals does this reveal? Retail investors are rushing in madly, while institutions are quietly exiting.
Looking at the recent hour’s capital flow—net outflow of $330,000. The contradiction is that the price is still climbing, but money is fleeing. Experienced traders can see at a glance what this divergence means.
DASH’s privacy coin attributes do have a story to tell. From a technical perspective, the moving averages are in a bullish alignment, and the MACD has also crossed into a golden cross, so the chart looks fine. Where’s the problem? The RSI hitting 96.76 means it’s at a stage where you could buy blindly and still make a profit.
But history repeatedly shows us: when market enthusiasm reaches a level that makes newcomers think it’s a risk-free profit, losses often occur at the turning point.
Currently, the community is full of calls like "push to $100" and "target $1600." Honestly, when beginners start making price predictions, the ceiling is often already within reach.
For those who haven't bought in yet, don’t rush. The $44 level has strong support waiting, so you can wait for a pullback before considering entering. For those already in, now is the time to consider scaling out gradually.