The coin $DASH is currently at $43.76, a 2.8% rebound from its 24-hour low of $42.56. Sounds pretty good, right?
But wait.
In the past 24 hours, USDT saw a net outflow of 1.83 million coins. The EMA7 has crossed below the EMA25, essentially confirming a short-term downtrend.
Even more concerning is that the EU and Russia plan to ban privacy coin trading starting in July 2027. India is also considering delisting. As a representative of privacy coins, DASH is basically being squeezed by regulators.
However, here...
Dash Platform 2.0 just launched on January 23rd, aiming to transform into a decentralized application platform. The technological upgrades are indeed noteworthy, and the RSI has rebounded from oversold territory.
The question is: on one hand, there's heavy regulatory pressure and capital flight; on the other hand, there's technological upgrades and a bottoming-out rebound. Which side are you on?
In the short term, if DASH can successfully hold above the Bollinger Band middle line ($43.9) or break through the MA20, a short-term long position can be considered, with a target price of $45.4 to the MA50 level (approximately $44.8). If the price fails to stabilize at this level, a stop-loss order at $42.75 would be more reasonable.
{future}(DASHUSDT)