DASH remains in LH/LL downtrend — key BOS levels $36.65 (bull) and $34.63 (bear)

Published: 2026-02-10 08:07:22 |

DASH (DASH/USDT) is trading under a clear bearish market structure with lower highs/lower lows (LH/LL). Current price sits around $35–$37 with daily range $34.63–$37.22 and 24h change ≈ -2.65%. Technicals: price is below EMA20 ($45.38), Supertrend is bearish (resistance $54.43), RSI ~34 (near oversold), and MACD histogram is negative. Analysts identify decisive Break of Structure (BOS) levels: a bullish BOS requires a close above $36.65 (would signal a change to HH/HL and target $63.84/EMA20), while a bearish BOS is a close below $34.63 (opens path to key support $30.83). Multi-timeframe resistance weight (1D/3D/1W) favors downside; BTC correlation is noted — further BTC weakness could push DASH lower. Recommendation for traders: monitor daily closes around $36.65 and $34.63 for structure confirmation; expect continuation of the downtrend unless bullish BOS and BTC recovery occur. This is technical analysis, not investment advice.

Bearish

The analysis identifies a dominant LH/LL structure with price below key moving averages, bearish Supertrend, negative MACD and RSI near oversold — all standard technical signs favoring continuation of a downtrend. Crucially, decisive BOS levels are nearby: a daily close below $34.63 would confirm bearish continuation toward $30.83, while a bullish reversal requires a close above $36.65 and sustained break of higher timeframe resistances (which currently weigh bearish). The report also notes high correlation with BTC; historically, altcoins have followed prolonged BTC weakness, amplifying downside. For short-term traders, the proximity of BOS levels implies clear trade triggers (short under $34.63 with stops above recent swings; longs only after confirmed BOS above $36.65). For longer-term holders, the EMA20 and weekly resistances suggest selling pressure remains until a multi-timeframe structure shift occurs. Given these indicators and the absence of bullish catalysts, the expected market impact is bearish.