Dash (DASH) price explodes on DeFi and masternode news

Adding to the bullish narrative, network metrics reached a milestone as Masternode count surpassed 5,000 for the first time, touching 5,002 active nodes. These validators stake their holdings to secure network participation and decision-making authority, receiving DASH distributions as compensation.

Technical positioning favors the upside. The 4-hour timeframe exhibits MACD strength and divergence between the 20-period VWMA and 20-period SMA, indicating volume accompanies the move higher. The token has cleared the 20, 50, and 100-day moving average hurdles, with buyers targeting resistance near $80. Meanwhile, the $70 zone provides anchor support backed by the moving average cluster.

Daily-level resistance surfaces at the 100 and 200-period simple moving averages hovering just beneath the 24-hour ceiling. Unlike previous rallies, the current advance shows resilience without the sharp rejection patterns that emerged in early September, when DASH plummeted 20% from $84 toward $65. At that juncture, sellers mounted fierce defense at $73, restricting recovery efforts below $70.

Present momentum appears positive across hourly and 4-hour frames, though buying volume has contracted slightly. Sustaining the rally hinges on closing above both the 100 and 200-day moving averages on elevated trade activity. Should momentum falter, bears would logically defend the $69 support zone. The bias remains constructive if volume participation accelerates.