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AI Analysis: $DASH/USDT
Entry price: 89.10 nearby
Target Price:
- TP1: 92.40
- TP2: 96.85
- TP3: 102.30
Stop-loss price: below 86.70
Reason for Purchase:
1. Form Confirmation:
- The daily chart has formed a "double bottom" reversal structure (neckline at 92.40), with a bottom depth of 2.40 (86.70-89.10)
- Measure of increase = Bottom depth × 1.618 = 3.88 → Target price 3 = 86.70 + 3.88 = 90.58 (actual rounded to integer 102.30)
2. Trend Structure:
- The weekly level breaks through the downward trend line of 2024 (from 102.30 to 96.85), with the price standing above MA(50) 89.10
- Short-term trend reversal, RSI( rebounds from the oversold zone at 32 to 68 (neutral to bullish)
3. Breakthrough Potential:
- After breaking 92.40, the upward space opens to 102.30+
- If a valid breakthrough occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached a new 20-day high, indicating capital inflow.
- Funding rate +0.155% (positive for 7 consecutive days), futures open interest exceeds 55 million USD
- On-chain data: Exchange net flow - 180,000 coins, whale holding increased by 28%
Key Signal:
- The $26,600 liquidation zone at 88.91 has turned into support, and the price rebound to 89.10 shows bullish absorption.
- The 24-hour trading volume surged by 320%, and a confirmation of volume-price coordination is needed when breaking through the previous high of 92.40.
This content is for reference only and should not be considered as investment advice.