Dash Price Outlook: Overbought Setup Raises 25% Decline Risks

Dash (DASH), a privacy-focused cryptocurrency, has emerged as one of the top performers in the crypto market in November, rising by over 80% month-to-date to around $97, its highest level since May 2022.

Still, the sudden price surge has pushed DASH into an extremely overbought zone, which may be followed by a period of correction. Let’s examine the setup and understand whether it could be a bull market correction or the beginning of a broader sell-off.

How Low Can Dash Price Fall Next?

DASH’s explosive rally has pushed its daily RSI above 79, signaling heavily overbought conditions and raising the risk of a short-term correction.

Historically, such overheated readings tend to precede pullbacks, allowing the market to reset momentum before resuming its broader uptrend.

If selling pressure intensifies, the immediate downside target sits near the 1.0 Fibonacci retracement level around $65, a previous resistance zone that could now act as support. It is down 25% from current price levels.

A healthy rebound from either current levels or this area would reinforce the idea of a typical bull market correction, potentially setting up a new advance toward the $93–$140 range.

$DASH seems to be heating up & looks similar to how #Zcash looked in September 👀👀 pic.twitter.com/tZ59nkZDsT

— ₿ŁUΞBS CRYPTO (@0xBluebs) October 31, 2025

Conversely, a decisive break below $65 would expose DASH to further losses toward the 0.786 Fib line near $55, which aligns closely with the 20-day exponential moving average (20-day EMA; the green wave), a key level that often defines the boundary between continuation and deeper correction phases.

DASH Near Trendline That Preceded 90-98% Price Crashes

DASH’s long-term chart shows the cryptocurrency retesting a major resistance confluence, featuring the upper boundary of a multiyear descending channel that has contained its price since the 2017 peak.

This trendline currently aligns with the 0.236 Fibonacci retracement level near $98.50, forming a crucial macro top zone.

Historically, tests of this resistance have triggered massive corrections: in December 2017, DASH fell nearly 98% after rejecting it, while the April 2021 retest preceded a 90% drawdown.

The current setup, coupled with an overbought RSI on the two-week time frame, hints at similar exhaustion risk.

For the first time in years, however, DASH’s surge has brought it close to challenging the bearish structure.

A confirmed breakout above the channel and sustained closes above $98.50 could mark the end of its long downtrend, opening the door toward the 0.382 Fib target around $148–$150.

Failure to break, however, risks a drop toward the 200-2W EMA (the blue wave) near $69.