Dash drops 31% from $78.68 high as bulls test $55 support
Dash (DASH)
Editor:
Eugene Serbin
ambcrypto.com reports that Dash rallied 165% from $29.62 on 19 August to $78.68 by 6 September before entering a corrective phase. The privacy coin has retreated 31% from its local high and is currently testing the $55 support zone. Key multi-month resistance levels have been breached and flipped to support, with the $38.38 June high acting as a floor.
The next local high from May, $52.13, is being retested as support during this retracement. On the 4-hour chart, the $52.13 level aligns with the 61.8% Fibonacci retracement of the swing from $36.91 to $78.68. A deeper drop could see prices fall to $45.85 if support breaks.
Traders are watching for a dip below $52.87 or a breakout past $57.20-$57.80 to confirm the next move. The On-Balance Volume has advanced steadily, signaling increased buying volume despite the correction. Daily RSI readings indicate that bullish momentum remains prevalent on the daily timeframe. The source suggests waiting for a sign of continuation before entering the market.
How the market reacted
Whalio's own Binance spot order flow for DASH, measured when this story was written up on 14 September 2026. Not the outlet's figures.
Dash is trading at $52.99 with a 1-hour buy ratio of 54.5%, indicating short-term buyers are currently in control. However, the 4-hour buy ratio sits at 47.7%, showing that buying pressure is fading over a slightly longer timeframe. The 24-hour buy ratio is 48.2%, confirming that selling pressure has dominated the full day. Volume delta reflects this shift, with positive $33,125 in the last hour contrasting against negative $49,777 over four hours. Over 24 hours, the volume delta is -$252,542, and the Cumulative Volume Delta closed at -$271,217. This means that sellers have been more aggressive than buyers throughout the day, despite the recent hourly uptick.
The latest daily buy ratio of 49.4% sits at the 56th percentile of the last 322 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for DASH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.2%, making today's 24-hour ratio of 48.2% slightly below the weekly norm by 1.0 points. Spot volume was 0.24x the average, indicating a notably quiet trading day compared to usual activity. Net buying occurred on only 2 of the 7 days, with a total volume delta of -$2,250,752 for the period. This contrasts with the current day's volume delta of -$252,542, showing consistent but lighter selling pressure. The price has dropped 25.7% over the 8-day period, confirming a sustained downward trend since the recent highs.