DASH breaks through a key resistance level, with a single-day increase of nearly 66%. The core driving forces behind this movement are worth paying attention to.
From a capital perspective, the negative financing rate sends a clear signal — short positions are being forced to close. Trading volume surged by 455% to approximately $425 million, and such abnormal volume is usually accompanied by strong liquidation events.
On the technical side, DASH has just broken through the $41 psychological level and is above important moving averages. Meanwhile, there are signs of rotation in the privacy coin sector, with funds flowing between DASH, Monero (XMR), and Zcash (ZEC).
The Fibonacci retracement levels on the chart also indicate potential upward targets. Is this rebound a correction from short-term technical oversold conditions, or the beginning of a revaluation of privacy coins? Traders are using volume and price action to find the answer.
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NeverVoteOnDAO
· 16h ago
66% increase, the short positions were forcibly liquidated. This momentum is quite intense.
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Negative funding rates clearly indicate the issue; those shorting got beaten out.
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455% volume surge... Is this really genuine or just a fake-out? We need to see if it can hold steady afterward.
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Is privacy coin rotation starting again? I just want to know how long this can last.
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Breaking $41 directly hits the moving average; the technical outlook does look clean.
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Where is the Fibonacci upward target? Has anyone calculated it?
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This rebound really can't be faked; the volume is there.
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Wait, how will XMR and ZEC move? DASH's move is the only one that seems convincing.
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Another wave of liquidations is coming; I saw it coming a long time ago.
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Short-term oversold correction? Or is the revaluation beginning? Honestly, I can't tell the difference.
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AirdropHunterXM
· 01-14 05:03
Shorts got liquidated, for real. 455% trading volume is no joke.
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CoinBasedThinking
· 01-14 05:00
66%? The shorts have been wiped out completely. This volume speaks the truth. I just want to see if it can break through 55; otherwise, it will just keep fluctuating...
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LuckyHashValue
· 01-14 04:55
The short positions have been wiped out; this is the real rebound signal.
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AirdropBlackHole
· 01-14 04:46
666, this short squeeze was really impressive, flipping the financing rate directly, this is true liquidation showmanship.
DASH breaks through a key resistance level, with a single-day increase of nearly 66%. The core driving forces behind this movement are worth paying attention to.
From a capital perspective, the negative financing rate sends a clear signal — short positions are being forced to close. Trading volume surged by 455% to approximately $425 million, and such abnormal volume is usually accompanied by strong liquidation events.
On the technical side, DASH has just broken through the $41 psychological level and is above important moving averages. Meanwhile, there are signs of rotation in the privacy coin sector, with funds flowing between DASH, Monero (XMR), and Zcash (ZEC).
The Fibonacci retracement levels on the chart also indicate potential upward targets. Is this rebound a correction from short-term technical oversold conditions, or the beginning of a revaluation of privacy coins? Traders are using volume and price action to find the answer.