The coin slipped 1.65% to $55.96, but the real concern is the 7.68% dive over the past week. What's dragging it down?
First off, there's a clear rotation happening in privacy coins. Money's flowing out of DASH and into Monero instead. Then you've got the derivatives market flashing warning signs: funding rate sitting at a bearish -0.8088% while open interest climbed to $20.58M. That combo usually means traders are positioning for further downside.
Technically speaking, the charts aren't looking friendly either. If support doesn't hold here, that $52 level might be the next stop. Worth keeping a close eye on volume and those funding rates over the next few sessions.
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AlwaysQuestioning
· 5h ago
The funds have all run to Monero, has DASH really been abandoned?
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BearMarketMonk
· 12-01 07:01
It's DASH again, is it really going to break 52 this time? I feel like Privacy Coins are being ruthlessly abandoned.
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ser_ngmi
· 12-01 07:01
It's DASH again... This week has been tough, looking at the financing rate it does seem a bit fierce.
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GateUser-9f682d4c
· 12-01 07:01
All the funds have gone to XMR, this wave of DASH is indeed a bit tragic. It feels like it can't escape 52 dollars...
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ThatsNotARugPull
· 12-01 06:42
Funds are running to Monero, DASH has been abandoned... The financing rate is still so bad, it's estimated that it really can't escape at 52 bucks.
DASH looks shaky right now—could we see $52 next?
The coin slipped 1.65% to $55.96, but the real concern is the 7.68% dive over the past week. What's dragging it down?
First off, there's a clear rotation happening in privacy coins. Money's flowing out of DASH and into Monero instead. Then you've got the derivatives market flashing warning signs: funding rate sitting at a bearish -0.8088% while open interest climbed to $20.58M. That combo usually means traders are positioning for further downside.
Technically speaking, the charts aren't looking friendly either. If support doesn't hold here, that $52 level might be the next stop. Worth keeping a close eye on volume and those funding rates over the next few sessions.