This DASH (4H) move was textbook: long period of consolidation → volume surge → accelerated climb to the top → profit-taking at the peak.
1) How was the bottom formed?
After a long stretch nearly hugging the ground, the price dropped to as low as 36.62. All moving averages were flattened, market indifference prevailed, and turnover gradually shifted.
2) Where was the breakout point?
The real ignition occurred near 44–45 (MA99 ≈ 44.79). Once the price broke above this level, it triggered a continuous series of large green candles. The surge was accompanied by a clear increase in volume, indicating it wasn't a slow climb, but rather a direct push by strong capital.
3) How did the acceleration phase unfold?
Two key levels were crucial during the upward move:
Above 56.8 (marked as 56.87 on the chart), the trend steepened.
Breaking above 68.3 (marked as 68.30 on the chart) marked the start of acceleration.
Then the price surged directly to 88.55 (24h high).
4) What does the current pullback mean?
After reaching 88.55, the price retraced to 79.68—classic profit-taking after a peak.
Looking at the short-term trendline, MA7 = 77.37. The current price remains above this level, indicating the uptrend structure is still intact, though momentum has cooled.
Key levels to watch (based on chart positions):
Resistance: 83–85 (common retracement zone) / 88.55 (previous high)
Support: If 77.3 (MA7) holds, the market remains in a strong consolidation phase.
If 77.3 breaks, focus shifts to 68–70 (the start of the acceleration phase, where strong support is expected).
Further downside targets include 57–58 (24h low at 57.74) and MA25 ≈ 53.85.
In one sentence: This move was 'volume-driven rally followed by top-level consolidation.' Strength hinges on whether 77 can hold—holding it suggests room for another upward push; a break below could send the price back to 68–70 for support.
#dash