DASH Surges 49% in Privacy Coin Rally, Breaks Major Resistance
DASH surged over 49% in 24 hours and 150% week-on-week, outperforming major assets amid a broader market downturn as demand for privacy coins renewed. The rally was driven by renewed interest in DASH’s PrivateSend feature and Aster DEX’s new 5× leveraged perpetuals, pushing 24-hour trading volume above $2 billion and open interest past $100 million. Technical indicators show DASH breaking a 968-day downtrend, with all major EMAs aligned bullishly, although the RSI signals overbought. Key support lies at $100–$120, with resistance targets at $150–$180; failure to hold support could trigger a retracement to $85–$90. Whale wallets now hold 37% of supply—the highest in a decade—while on-chain inflows and Maya Protocol integrations bolster confidence. Traders should watch for consolidation above $130 to confirm a sustainable uptrend.
Bullish
The significant 49% rally in DASH, coupled with a break of a 968-day downtrend and aligned bullish EMAs, indicates strong buying momentum. High trading volume, rising open interest, and whale accumulation at decade highs further support continued upside potential. While the overbought RSI suggests possible short-term pullbacks to $100–$120 support, the convergence of technical breakouts and on-chain inflows points to a bullish outlook for DASH in both short and long terms.