DASH's current position has already absorbed selling pressure, and the support below is relatively solid. The key lies in the liquidity distribution above the price—according to this chart, the liquidity in the $70+ range is quite loose.
In other words, once buying momentum has enough strength to push the price higher, the resistance along the way up is not densely packed. This leaves considerable room for short-term breakout potential.
Market participants should pay attention to the current position of the price relative to the liquidity pool above—this determines the difficulty of pushing higher during subsequent rebounds. If trading volume cooperates, targeting $70+ is not an unreasonable hypothesis.
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GateUser-44a00d6c
· 20h ago
Liquidity easing sounds good, but I'm worried it might just be a paper effort and won't have real impact.
$70 feels a bit unrealistic; I still prefer to see $65 stabilize first.
Without strong trading volume, everything is pointless. Now we just wait for the main players to step in and take over.
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RektRecovery
· 12-15 20:05
nah this is the classic "liquidity desert means moon" narrative... seen it a hundred times before. $70 gets tested, volume evaporates, predictable rug tbh
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RamenStacker
· 12-15 20:04
It's really impossible to break 70, I can't help but laugh. These people are always singing the empty city strategy.
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Does loose liquidity mean more room for growth? I think it's more likely a trap haha.
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It's the same old rhetoric, with volume supporting... supporting what? I haven't seen any volume.
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I believe the support below is solid, but please stop praising how great the resistance above is.
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70 dollars? Let's survive the next big dip first, brother.
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Wait, isn't this logic reversed? Isn't loose liquidity supposed to make it easier to break through?
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They always say their imagination is full, but in the end, it's just their imagination that kills them.
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Yes, the solid support is true, but I just don't trust those colorful analyses above.
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The selling pressure has been absorbed, but I haven't seen any buying volume?
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The volume support is really a killer move, they always use it as a shield every time.
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ProveMyZK
· 12-15 19:53
Wait, can $70 really break? I feel like this liquidity pool is pretty虚的...
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Same old story, big room for突破, every time it’s big, and then what?
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Volume support... you say it’s easy to say, but who the hell has volume right now?
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Solid support? Come on, last time you said the same thing.
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But on the other hand, if the volume really picks up, maybe $70 is not just a dream.
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Has the selling pressure been absorbed? I think it’s just numb haha.
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Loose liquidity = no one is taking the buy side, I saw through that logic a long time ago.
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Break $70? First, let’s拆掉 this wall in front of us.
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This analysis looks good, but I’m more interested in when the main players will enter.
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The difficulty of bouncing back is true, but as for the rest... hehe.
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Bitcoin is not moving, so why is DASH flying first?
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All I know is that my stop-loss order has been set, let’s watch and see.
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liquidation_watcher
· 12-15 19:45
There's a lot of air above 70, it depends on whether the volume can support it.
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BrokenYield
· 12-15 19:43
nah, liquidity gaps don't mean much when smart money's still loading below. seen this movie before.
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GasFeeBarbecue
· 12-15 19:40
Haha, the last time I heard you say that, DASH dropped straight to dogecoin.
Wait, can $70 really break? Trading volume is so unreliable.
Above $70, liquidity is loose... but I feel like it's all a trap.
Is the support solid? Uh... I suggest you look at the candlestick charts a few more times, bro.
Here we go again, every time you say there's a big breakout space, but what happens?
DASH's current position has already absorbed selling pressure, and the support below is relatively solid. The key lies in the liquidity distribution above the price—according to this chart, the liquidity in the $70+ range is quite loose.
In other words, once buying momentum has enough strength to push the price higher, the resistance along the way up is not densely packed. This leaves considerable room for short-term breakout potential.
Market participants should pay attention to the current position of the price relative to the liquidity pool above—this determines the difficulty of pushing higher during subsequent rebounds. If trading volume cooperates, targeting $70+ is not an unreasonable hypothesis.