Dash Price went 35% above $38 and went up close to the key resistance zone at $40. Analysts say breakouts are possible, but key support remains in the $26 area. Dash won as Privacy Coins Zcash and Monero rise to lead the market winners.
Dash (Dash) prices have skyrocketed 35% over the past 24 hours as Top Privacy Coin rose.
The Dash Token value exceeded $38 at the start of Thursday, riding on the overall profits that led privacy coins amid ZCash’s spikes of over $150.
Dash joins the crypto party as the Bulls target an October increase that could catapult the alt to a new high.
Dash Price jumps to a key level near 35%
As mentioned earlier, Dash, which is currently trading at $36.69, rose as Privacy Coin showed profits.
The rise in ZEC and Monero helped Dash’s impressive support for today’s 35% jump. Many of the upside-down outlooks, along with this confluence, are technical and broad macroeconomic catalysts.
In particular, there is a Wall Street response to the official shutdown of the US government and capital reversals to top cryptocurrencies fuel the Dashbulls.
Privacy Coin Momentum: DASH reflects ZEC, XMR Gain
The cryptocurrency landscape is currently bullish, and one sector witnessing a robust revival is from Privacy Coin.
The coins above see significant traction in the ETF and Treasury assets movement, but small caps like DASH have flowed in as concerns about data privacy and regulatory overreach continues.
Monero (XMR) and ZCASH (ZEC) are the top coins in the privacy coin market. With support for ZEC by Grayscale using Zcash Trust, token prices have skyrocketed to the last seen high in April 2022.
Monero’s privacy-related momentum also increased by more than 10%. Dash Price reflects this as recruitment gains more traction.
Market data reveals an average rise of 15-20% across sectors last month, with privacy-centric tokens in transaction volumes rising significantly year-on-year.
Dash Price Prediction: Is $60 the next goal?
In the case of Dash, we have seen overall exchange trading volumes exceed 385% and exceed $400 million in the last 24 hours. This increase in volume indicates a continuing potential rise.
Crypto Traders and analysts from Alpha Crypto Signal shared the following updates at Dash prices:
“$DASH exploded from a long-standing horizontal channel after months of lateral integration,” they posted on X. “Dash was trapped between 18 and 26 for almost six months, building a strong base.
Analysts said the key levels to watch are the $35-$40 zone, a key breakout for the Bulls’ ambitions above this threshold. With the wider market movement, profits of over $60 could be next.
However, if profits remain entrenched, the dash price could fall to support around $26.
“As long as the price is 26 and outweighs previous resistance, the breakout will remain valid and buyers will continue to maintain control. Another strong show from the privacy coin sector,” the analyst added.
