DASH faces continued selling pressure with resistance at $36.75: weekly forecast

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Dash drops 2.10% this week

Highlights

DASH is in a bearish configuration, trading below all major moving averages, indicating downside pressure persists.
Momentum indicators are broadly negative with oversold signals, reflecting dominant selling but potential for exhaustion among sellers.
Next week, DASH is likely to trade within a $33.00–$36.75 range, with only a 25% probability of a bullish breakout.

Momentum divergence emerges as selling pressure tests oversold levels

Technical analysis on the weekly chart reveals that DASH stays under all major moving averages, highlighting continuous selling pressure and confirming the bearish setup. The most relevant dynamic resistance is the MA-20 at $36.36, with the Ichimoku Kijun well above price. Weekly support is near $33.00, while resistance is set at $36.75. Indicators are mixed: MACD and RSI show sell signals, ADX reflects a strong trend at 36.63 with a buy tilt, and both Bull/Bear Power and Stochastic RSI indicate oversold conditions, suggesting sellers could be near exhaustion.

Range-bound outlook as oversold signals counter downside risk next week

For the next 7 days, DASH is likely to trade within a $33.00 — $36.75 range based on current weekly volatility and technical levels. Most indicators support a bearish or neutral scenario, with only a 25% chance of a sustained upward move unless the price reclaims $36.75. A breakdown below $33.00 would reopen downside risk and deepen declines toward long-term weekly support, while oversold momentum readings may limit further losses and foster consolidation if buyers begin to step in.

Jainam Mehta, market strategist, sees DASH under broad technical pressure this week, with price trading below all major weekly moving averages and strong dynamic resistance at $36.36 capping upside. He notes that mixed momentum signals — particularly strong oversold readings — may hint at consolidation if buyers intervene, but the bias still favors further downside unless $36.75 is reclaimed. Macro and technical conditions together anchor the baseline scenario within the $33.00 — $36.75 range. "Until we see a weekly close above $36.75, I’m treating any bounce as a potential bull trap and looking for tactical range opportunities."

Earlier, analysts noted that Dash was exhibiting persistent bearish momentum and that downside pressure was the prevailing trend. The current technical setup not only reaffirms this bearish outlook but also highlights $36.75 as the pivotal resistance level traders should watch for any signs of a shift in momentum this week.

Source of Data: DASH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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