CRYPTONIC

DASH Faces Key Supply Rejection — Bearish Continuation Still Dominant

$DASH remains under clear bearish control after failing to sustain price above the $30.20–$30.50 supply zone. The chart shows a prolonged period of distribution at the highs, where repeated rejection wicks signaled strong seller presence rather than accumulation.

Following that phase, price transitioned into a structured downtrend, forming consistent lower highs and lower lows. The decline into the $29.50 region was not a sharp liquidation event, but a controlled sell-off, often a sign of sustained bearish pressure rather than temporary weakness.

The current bounce appears corrective, with price retracing back toward the same supply zone that previously triggered rejection. Unless $DASH can reclaim and hold above $30.50 with strong momentum, this move is likely a retest of supply.

Failure here keeps downside targets open toward $29.50 and potentially lower as bearish structure remains intact.

#Macro Insights# #Meme Alpha# #DASH