DASH is showing a classic rapid channel pattern on the 1-hour timeframe. Recently, the price has begun to gradually converge, and the volatility has significantly decreased. Based on structural characteristics and market experience, such convergence is usually followed by a more obvious correction, and a pullback trend is expected to officially begin. In the short term, close attention should be paid to the breach of support levels.
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wagmi_eventually
· 9h ago
The rapid channel convergence is about to dump the market; I'm tired of this routine.
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FrogInTheWell
· 10h ago
I've heard the "converging volatility" narrative too many times, and in the end, nothing really happens.
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AlphaWhisperer
· 10h ago
Converge when it's time to converge; it's the old routine, still waiting for the moment of breakdown.
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WhaleStalker
· 10h ago
Is the Express Lane converging? Or is it just another night of squeezing before a breakout? We need a break to see.
DASH is showing a classic rapid channel pattern on the 1-hour timeframe. Recently, the price has begun to gradually converge, and the volatility has significantly decreased. Based on structural characteristics and market experience, such convergence is usually followed by a more obvious correction, and a pullback trend is expected to officially begin. In the short term, close attention should be paid to the breach of support levels.