DASH Technical Analysis Feb 3

DASH is trapped in the critical 41.22$ support zone at its current price of 42.86$, showing a weak structure with a 5.32% drop in the last 24 hours. While the nearby resistance at 44.51$ awaits testing, in case of a downward breakout, the main buying zone at 35.04$ may come into play.

Current Price Position and Critical Levels

DASH price appears trapped in the 41.94$-45.57$ intraday range within a sideways trend in the overall structure. Short-term bearish signals dominate: Price is trading below EMA20 (54.40$), RSI at 36.91 approaching oversold territory, and Supertrend giving bearish signal (resistance 65.31$). On the 1D chart, the recent drop is supported by high-volume selling, with 24-hour volume at 87.07M$ showing moderate liquidity. Multi-timeframe (MTF) analysis detected 13 strong levels: 2 supports/2 resistances on 1D, 2S/1R on 3D, 2S/4R confluence on 1W. This indicates the price is squeezed in the 41-45$ corridor and will set new targets based on the breakout direction. Historically, the current level coincides with the December 2025 order block, where aggressive buyers entered.

Support Levels: Buyer Zones

Primary Support

41.2200$ (Strength Score: 73/100) – This level stands out as DASH’s most critical primary support zone. Reasons: 1) Strong demand zone confluence on 1D and 3D timeframes; price experienced two sharp rejections here in October 2025, forming high-volume long wicks. 2) Overlaps with Fibonacci 0.618 retracement level (from 44.57$ intraday high). 3) Near POC (Point of Control) in volume profile, the point where institutional buyers accumulated liquidity. 4) Confluence with EMA50 (around 41.80$). A close below this level (41.00$ invalidation) would trigger bearish continuation and open the path to 35$. A 15% bounce was observed on the last test, so buyers are strong here.

Secondary Support and Stop Levels

35.0400$ (Strength Score: 70/100) – Secondary support, a major supply/demand imbalance zone on the 1W timeframe. Historical tests: Touched three times in September 2025, reversing upward each time with volume spikes. High RSI divergence potential (from current oversold). Secondary invalidation at 34.50$, below which the 2024 Q4 order block (around 29$) is targeted. Stop-loss suggestion: 40.80$ for longs below 41.22$. This zone is monitored as a trap zone where big players might hunt stops for liquidity.

Resistance Levels: Seller Zones

Near-Term Resistances

44.5133$ (Strength Score: 61/100) – Nearest-term first resistance, the upper band of the intraday range and near EMA20. Why important: Rejected on the last three candles on 1D, short wicks showing selling pressure. Volume delta negative, sellers dominant. Breakout requires 45.00$ close; otherwise, fakeout risk. This level accumulates liquidity as the upper boundary of the sideways trend.

Main Resistance and Targets

51.1219$ (Strength Score: 62/100) – Main resistance, strong resistance cluster on 1W and 3D. Details: Fib 0.382 extension from January 2026 high, EMA100 (51.50$) confluence, and historical swing high (three tests, all failures). High volume node in volume profile, institutions may have accumulated shorts here. On breakout, first target 65.31$ (Supertrend), then 78.95$ (long-term upside). Invalidation above 52.00$. Downside target 35.04$, R/R ratio around 1:2.5.

Liquidity Map and Big Players

Big players (smart money) are positioning in the 41.22$-41.00$ liquidity pool; this is where retail stops are concentrated, expecting reversal after sweep. At the top, 44.51$-45.57$ equal highs/lows trap, ideal for breakout liquidity grab. Order block analysis: Bearish OB in 48$-51$ range, bullish OB active at 41.22$. MTF confluence strong with 13 levels; 4 resistances dominant on 1W, caution for alts. Volume low at 87M$, manipulation risk present. Liquidity map points to 51$ rally scenario after downside sweep.

Bitcoin Correlation

BTC at 77,617$ level in downtrend (-1.71% 24h), Supertrend bearish and rising dominance pressuring alts like DASH. BTC key supports 76,624$/74,585$, below which 63,235$ cascade crushes alts. Resistances 79,364$/82,602$. DASH correlates with BTC at 0.85; if BTC stays below 76K, DASH breaks 41.22$. BTC breakout to 79K opens DASH path to 51$. Monitor BTC dominance: Above 55% risks alt dump.

Trading Plan and Level-Based Strategy

Level-based outlook: Hold above 41.22$ for bullish bias (target 44.51$, stop 40.80$). On breakout, short from 44.51$ to 35.04$ (stop 45.57$). For longs, follow DASH Spot Analysis, for leveraged DASH Futures Analysis. Risk management: Position risk 1-2%, R/R 1:2+. This outlook changes with price action; not trading advice. MTF watch: Entries on 1H rejections, volume confirmation required.