DASH's price failed to reach $100, what awaits this privacy coin next?

The price of DASH has surged nearly 130% in a short period, leading many to expect it to hold above the $100 mark. This surge has pushed the privacy-focused coin past $100 at several points during the trading day.

However, the upward momentum did not last long, and selling pressure quickly emerged, increasing the risk of a deeper correction.

Investors holding Dash are withdrawing their money.

Market sentiment had already shown signs of weakening before the DASH price correction. The Chaikin Money Flow indicator showed a bearish divergence a few days before the price drop. Although DASH continuously reached new highs , the CMF recorded higher Dip , indicating that the Capital supporting the rally was no longer strong.

This pattern typically indicates a price surge driven by FOMO (fear of missing out) rather than genuine cash flow. As soon as prices rise, more cash starts flowing out, suggesting that experienced investors are taking profits.

When an upward trend lacks strong capital inflows to sustain it, prices often reverse. Currently, DASH is facing the consequences as selling pressure intensifies.

Want to get quick updates on Token analysis like this? Sign up for Editor Harsh Notariya's daily Crypto Newsletter here .

Macroeconomic indicators are also reinforcing investor pessimism. DASH Funding Rate data shows that Short positions have dominated Longing positions for almost a week. This reflects traders anticipating a price drop and betting on that trend just before the reversal. As a result, those who Short during this period may have recorded significant profits.

The consistently negative funding rate data indicates a growing decline in bullish expectations. As selling positions consolidate, short-term sentiment becomes even more pessimistic. This makes retail investors hesitant to buy at the Dip , and the downward pressure could continue strongly if the overall market remains sluggish and investors are not yet confident enough to return.

The price of DASH is facing many risks.

Over the past week, DASH surged nearly 130%, reaching a high of $96 on Friday. Following that, the altcoin declined by approximately 12% and is currently trading around $74 at the time of writing. The price of DASH remains above the 61.8% Fibonacci Retracement level near $73.

This is a crucial support zone, often considered the floor of a bull market. A break below this zone could confirm a developing downtrend. Based on current signals, DASH could continue to retreat to the $60 region. After that, the next support level would be the 23.6% Fibonacci retracement around the $50 mark.

The negative scenario would be mitigated if DASH recovers immediately to the 61.8% Fibonacci level. Reduced selling pressure and increased holder confidence could help stabilize the price of DASH. If it breaks above the $83 resistance level, DASH will have a chance to challenge the $100 mark again.