Dash [DASH], that most agile of crypto sensations, appears to be performing its best impression of a soufflé collapsing-yet with none of the charm. The market’s silence on this matter is eerily reminiscent of a library during a thunderstorm, leaving one to wonder if this dip is merely an act of nature or something more sinister.
Meanwhile, the cryptic old-timers-those coins which have been on holiday since the dinosaurs roamed-are stirring. Their clandestine movements suggest that we are entering a phase historically reserved for moments of existential dread in markets past.
Can we dare to hope that the narrative around DASH is changing? Or is this merely another chapter in its tragicomic saga?
DASH Loses Its Glitz and Glamour
Only a scant week after its meteoric 100%+ ascent-an ascent that must have caused quite a flutter among the more impressionable-DASH tiptoed back down to the $69 mark. The recent highs were just too much to bear, it seems, and the rally evaporated faster than a snowball in a furnace. Its daily chart shows DASH comfortably above its long-term moving averages-though this comfort is as fake as a three-dollar bill. The rally’s life force is ebbing away, with the RSI moving from “hotter than a jalapeño” to “tepidly neutral,” and the MACD histogram fading into obscurity.
Open interest, that paper tiger of market conviction, has flattened out at a measly $90 million; traders are busy closing positions like a bad novel, and funding rates are negative-a sure sign that the short-sellers still find the game worth their while.
All evidence points to participation drying up-a virtual desert of traders ostensibly enamored with DASH but clearly losing interest as the rapid rise and precipitous fall leave behind only echoes of past hubris.
Old Coins Rise from the Crypt’s Slumber
In November, DASH’s CDD Multiple had a spurt-a tell-tale sign that the ancient, long-asleep coins have stirred back to life. Joao Wedson, the CEO of Alphractal, cynically notes these surges often precede market bell tolls, heralding longer periods of distribution-a fancy term for dealers offloading their holdings on the unsuspecting.
Since then, activity has quieted, yet the alarm bells continue to toll. Long-term holders, those cultivated investors of patience and despair, move only at the tail end of cycles-if at all. The ‘lost’ coins-those that vanished into the ether-have stopped increasing, hinting that previously untouched supplies are re-entering circulation, like unwelcome relatives at a family reunion.
Wedson wisely remarks that this process can drag on for weeks or months, but the ominous decline in enthusiasm tilts the odds decidedly toward the abyss.
Bottom Line: The Grim Reality
- DASH’s current valuation is under threat-surely not just a blip.
- Old coins stirring from their slumber further compresses the late-cycle narrative.
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2026-01-22 04:17