Technical analysis by HexaTrades about Symbol DASH: Buy recommendation (11/1/2025)

DASH has been trading inside a multi-year descending channel since early 2021. After several rejections from the upper boundary, the price has finally shown a strong breakout with a massive weekly candle, signaling potential trend reversal. Key Points: - Price has clearly broken out from the upper trendline of the descending channel. - Strong buying volume supports the breakout confirmation. - Historical volume profile shows a major liquidity gap above $70, suggesting room for a fast move once the price holds above the breakout zone. 🔷 Entry Zone: Below $70 🔷 Stop Loss: Below $38 🔷 Target: $400–470 (long-term potential) Conclusion: A confirmed breakout from a long-term descending channel could mark the beginning of a major uptrend for DASH. Sustained momentum above $70 may attract more volume and push the pair toward higher resistance zones. Cheers Hexa DASH DASHUSDT