Dash Is Waiting for a Rebound
Dash (DSH) is losing 11.6% to $20.35 this week, significantly underperforming the broader crypto market, where Bitcoin (BTC) is down by 3.5% to $115,070. The overall decline in crypto is mirroring weakness in other risk assets, as U.S. stocks fell following the Federal Reserve’s decision to leave interest rates unchanged at 4.50% while reaffirming its hawkish stance. Fed Chair Jerome Powell’s position appears increasingly uncertain after U.S. Treasury Secretary Scott Bessent suggested that the matter regarding Powell would likely be resolved by the end of 2025, before his term concludes. Meanwhile, the U.S. has intensified its trade standoff with the BRICS bloc, further pressuring market sentiment. Dash itself has no internal catalysts to support its price and has erased its 29% gains from the past two weeks. It is now sitting on a key support level at $20.00. A rebound from this level is possible, but the token will need a clear trigger to regain upward momentum.
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