There is an old saying circulating in the crypto circle: "Rapid rise, don't chase; rapid fall, don't cut." Today’s DASH/USDT movement vividly exemplifies this.

In the early trading session, DASH gapped up directly to a high of 66.35, with social platforms echoing "bullish to 80." But before anyone could react, a large bearish candle slammed down, instantly breaking the price to 59.99, completing a 14.19% sharp fluctuation within 4 hours. Investors chasing the high were immediately pressed to the ground.

From a technical perspective, the problems had actually been brewing for a while. The BOLL Bollinger Bands were wide open like a trumpet, with the price falling straight from the upper band to the middle band—this is a clear signal of "profit-taking after high sentiment." Looking back a few days, DASH indeed followed the altcoin sector’s hype, soaring from the mid-40s to 66. In essence, this rally lacked fundamental support, and today’s plunge is essentially a correction of an overinflated price seeking a reasonable level.

Examining the indicator combination: the KDJ’s J value surged to 84, and RSI also pushed into the overbought zone at 80. Once these two indicators reach such levels, experienced traders understand— a pullback is imminent. A similar scenario played out last month with SOL, where RSI hit 85 before dropping 20 points. DASH’s current movement is a carbon copy.

Most interestingly, although the MACD histogram remains red, the DIFF and DEA lines are already converging—this indicates the bullish momentum is waning. To put it plainly, the upward strength is gradually exhausted.