Dash Is Struggling
Dash (DSH) is down 3.2% this week, trading at $23.63, underperforming Bitcoin (BTC), which has lost 2.1% to $67,300. While Bitcoin remains 5.8% higher in October, Dash has slipped into negative territory, down 4.8% for the month. The token has been stuck in a descending channel since May 24, and despite attempts to push upward, it remains below key resistance levels. Dash will need to break out of this channel and successfully retest the $25.00 mark for a potential rally.
Currently, Dash faces equal chances of either declining to $20.00 or rising to $25.00. Without strong fundamental support beyond broader market sentiment, the outlook for Dash remains uncertain. Broader market positivity may not be enough to drive its prices higher on its own given a slow momentum of the broader market.
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