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I just noticed that Dash is testing a very interesting pattern again. After breaking a descending wedge, the price is now using that old resistance level as support. This is exactly the type of move traders usually watch.
What draws attention is that this retest of support in a falling wedge historically precedes significant moves. If buyers really defend this level, things could get exciting in the coming days. The price is around $36.65 now, and some analysts are already pointing to potential targets higher.
The levels being monitored are $40, $75, $140 , and up to $250. Does that sound ambitious? Maybe, but in confirmed descending wedge patterns, these moves are not uncommon. The real key is whether the support holds. A drop below this point would break the entire bullish thesis they are building.
I'm watching this closely. If Dash maintains support in this falling wedge, the next move could be quite interesting. But of course, things don’t always go as planned in the crypto market.