DASH's performance in the spot market is indeed worth discussing. As a former representative of privacy coins, its situation over the years is somewhat like a popular streamer gradually falling out of favor—fundamentals haven't collapsed, but the stage has been largely taken over by DeFi protocols and Meme trends.

Recently, there has been a new round of rebound, but the feeling from the candlestick chart is a bit complicated. The long-term trend is basically like that—sideways movement, downward correction, small rebounds, and then sideways again. This rhythm can be a bit frustrating because you never know if it's accumulating strength or truly running out of steam.

To be honest, the innovative points of DASH (fast transactions, anonymous features) are no longer rare selling points in today's context. Monero firmly holds the high ground in privacy coins, and mainstream exchanges are offering increasingly diverse options. DASH either needs to find new application scenarios or just repeatedly tug within this price range.

A short-term rebound doesn't mean a trend reversal. If you're observing this coin, it's worth paying more attention to trading volume and on-chain data, as they can reveal more than price movements.