The post DASH Technical Analysis Feb 6 appeared on BitcoinEthereumNews.com.

DASH’s 24-hour volume reached 189.65 million dollars, showing strong participation in the recent decline; this reflects the selling pressure supporting the price’s 14.49% drop. The volume increase carries institutional distribution signals beyond retail sales. Volume Profile and Market Participation DASH’s current volume profile stands out with a trading volume of 189.65 million dollars in the last 24 hours. This level occurred about 80% above the 7-day average volume, indicating a significant increase in market participation. The 14.49% drop at the $33.64 price level is supported by high volume, which is typical in a bearish scenario. Normally, volume increase is expected for a healthy rise, but here the swelling of volume in down moves emphasizes the sellers’ dominance. In terms of market participation, integrating 12 strong levels detected in 1D, 3D, and 1W timeframes (1D: 1S/3R, 3D: 1S/1R, 1W: 2S/4R) into the volume profile suggests a high risk of testing the support level at $30.83 (77/100 points). The volume profile concentrates around Value Area High (VAH) at $38, while the low-volume POC (Point of Control) below $35 signals weakness. This indicates that participants are focused on closing positions at lower prices, with new buyers not yet entering. Comparatively, in previous weeks, volume in upticks stayed 50% below average, while today’s down volume spike is abnormally high at 120% increase – creating a dynamic that triggers panic selling or stop-loss hunts. Accumulation or Distribution? Accumulation Signals Early signals for accumulation are limited; although RSI at 30.43 is approaching the oversold region, volume remains high during declines, preventing healthy base formation. Price persistence below EMA20 ($49.42) requires holding above the $30.83 support for potential accumulation. If volume decreases here and price stabilizes, hidden accumulation could begin – for example, whales testing with low-volume buy orders. However, with current data, accumulation probability is low;…

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Filed under: News - @ February 6, 2026 3:28 am