Analyzing DASH's Impressive 15% Surge: Is $100 Next?

DASH experienced a remarkable increase of over 15% within just 24 hours, reaching around $93 at the time of writing. This surge follows the announcement of its integration with AEON Pay, helping it firmly regain the $90 mark. The notable rise is attributed to a growing real-world utility, bolstering demand significantly.

Key Takeaways

DASH surged over 15% to around $93, bolstered by its integration with AEON Pay and real-world utility.
It has broken through important resistance levels, indicating a strong buyer presence.
Open Interest increased significantly, showing confidence in continued upward movement.
On-chain activity has shown an uptick, suggesting growing engagement in the Dash ecosystem.
Liquidation data favors bulls, signaling a weakening of bearish control.
If DASH holds above $90, pursuing the $100 mark seems achievable.

This analysis highlights Dash’s current market position and optimistic outlook, particularly for those interested in cryptocurrency trends and investment opportunities.

Dash price surges 15% on real-world utility

AEON Pay has processed approximately 994,000 transactions worth over $29 million, connecting with nearly 50 million merchants. This adds a strong narrative to Dash’s functionality as a payment option. As a result, buyers confidently entered the market, pushing the price past previous resistance areas. Instead of slowing down, the momentum continued, indicating acceptance of higher DASH prices.

Dash’s Structural Breakout

DASH achieved a significant structural change by breaking through the $80 resistance level and reclaiming the $90–$95 zone, an area that had previously limited its upward movement.

The daily candles showed a robust expansion, slicing through past supply and reflecting genuine buyer enthusiasm rather than just slow accumulation. Notably, the price is now above the former breaking point around $80, which has turned into a solid support zone.

The momentum indicators, like the MACD, have shifted firmly into bullish territory, with the signal line moving upward and histogram bars growing in the positive range. This combination suggests accelerating upward momentum instead of fatigue. With the structural issues resolved and momentum building, the price appears to be moving towards the $100 psychological milestone. If it can hold above this level, a clear technical pathway to the $120 resistance may open up.

Dash price action
Source: TradingView

Open Interest Shows Strong Upside Intent

Currently, Open Interest (OI) has risen over 20%, reaching around $199.5 million as DASH climbed higher. This increase indicates that traders are not merely covering existing shorts but are actively opening new positions to capitalize on the upward trend.

The rise in OI alongside price suggests healthy market engagement. Usually, weak price rallies are accompanied by declining OI, which Dash has managed to avoid. As leverage continued to align with price direction, confidence in the derivatives market has strengthened. This orderly positioning indicates potential for further price increases, rather than immediate reversal, lending durability to the recent price movements.

Open Interest Data
Source: CoinGlass

On-chain Activity Indicates Positive Momentum

Dash’s Total Value Locked in DeFi has increased to approximately $207,655, marking a daily gain of over 9%. While this growth may seem small, the trend is significant. Increased on-chain engagement often lags behind price movements, but Dash is showing early signs that its ecosystem is starting to reactivate.

The rise in TVL, along with price strength, reinforces the narrative around utility. Users are not merely speculating but are also actively engaging with the network. Improved on-chain metrics minimize the chances of a speculative bubble, creating a solid foundation beneath the current rally.

As adoption expands and usage increases, Dash is likely to strengthen its demand base. This combination typically helps maintain momentum beyond the initial price surge.

On-chain Activity
Source: DefiLlama

Short Positions Liquidated as Bears Retreat

Recent liquidation data reveals a significant imbalance favoring bullish positions, as more than $3.11 million in short positions were liquidated, compared to around $604,000 in longs. This discrepancy highlights that bearish control was lost unequivocally, and as shorts closed, it accelerated buying pressure.

Moreover, most long positions remain intact, reducing potential downside risk. This situation is critical as rallies driven by dominant short positions tend to continue. With limited stress on long positions, leverage is correctly aligned with the trend direction, allowing the price to stabilize above key levels without faltering.

Bearish Trends
Source: CoinGlass

Will Dash Reach $100 Next?

Dash has convincingly addressed adoption concerns by robustly moving above the $90 level, with strong market structure and active participation. The overall environment, with utility expansion, rising Open Interest, improving on-chain metrics, and dominant short liquidations, indicates a positive trajectory. If buyers can maintain the $90 region, the target of $100 becomes a realistic goal.