DASH buyers look hesitant to buy right now after the weak job report and the Fed signaling no rate cuts anytime soon. This adds pressure on consumer pockets, limiting discretionary spending. If this trend continues, we might see DoorDash consumers slow down their activity, which could impact the company’s revenue growth.With macro headwinds and reduced consumer demand,
DASH price action could remain under pressure in the short term. A break below key support levels may trigger further downside unless the market sentiment shifts with improved economic data.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.