- DASH is currently 94% below its all-time high, a technical position that historically preceded a massive 2000% gain in previous market cycles.
- On-chain and weekly chart data reveal multiple “liquidity sweeps” and a market structure shift (MSS), indicating that institutional “smart money” is quietly building positions.
- Analyst Crypto Patel identifies an initial recovery target of $70, with a full-cycle extension potentially reaching the $125–$150 range.
The volatile world of cryptocurrencies, Dash (DASH) is capturing attention once again. Currently trading at approximately $37.50 USD, up about 8-10% in the last 24 hours following a recent dip, DASH remains down a staggering 94% from its all-time high. However, prominent analyst Crypto Patel argues this could be the prelude to a monumental comeback, drawing parallels to historical patterns where similar drawdowns preceded explosive growth.
Decoding “Screaming Accumulation”: The Technical Setup on Binance Charts
Analyzing the weekly DASH/USDT chart on Binance, Patel highlights a “screaming accumulation” phase. Key indicators include a completed major weekly accumulation range, multiple sellside liquidity sweeps at range lows, and a strong impulsive expansion signaling smart money participation. The full macro drawdown from ATH is now behind, setting the stage for re-accumulation before the next expansion.
Historical data bolsters this optimism. In the previous cycle, DASH surged 2000% after a comparable setup. Even in 2024, it rallied 300% during a bullish phase. Patel sees the current consolidation not as weakness but as a healthy pause, supported by high-time-frame (HTF) bullish orderflow, respected weekly demand zones, and early liquidity-driven expansion.
Strategic Entry: Identifying Demand Zones and Market Structure Shifts
For investors, Patel outlines clear targets: an initial push to $70, followed by $96, and then $125–$150, potentially extending to 500% gains in the full cycle. He envisions even $400+ for strong believers. Entry strategies focus on pullbacks around the $25 demand zone or lower-time-frame (LTF) structure shifts like market structure shift (MSS) or change of character (CHOCH), with longs advised only after confirmation.
However, risks remain. Invalidation occurs on a weekly close below $18, and broader market factors like Bitcoin’s performance could influence outcomes. Recent replies to Patel’s analysis note bearish pressures, including whale short biases and potential regulatory headwinds from the EU’s 2027 privacy coin ban.
The crypto market rebounds, DASH’s privacy-focused features and fast transaction capabilities could drive adoption. With a market cap around $470 million and circulating supply of about 12.6 million coins, the upside potential is intriguing for long-term holders. Always conduct your own research (DYOR) and remember, this is not financial advice. The crypto space is unpredictable, but setups like this remind us why patience pays in Web3.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
