- Dash price jumped 35% to above $38, approaching a key resistance zone near $40.
- Analysts say a sustained breakout is possible, but crucial support remains around the $26 area.
- DASH gained as privacy coins Zcash and Monero led broader market advances.
Dash (DASH) has surged roughly 35% over the past 24 hours as a rally in privacy-focused cryptocurrencies gathered momentum.
The Dash token climbed above $38 early Thursday, benefiting from sector-wide strength that saw Zcash push past $150 and lead privacy coins higher.
Dash’s rally comes as bulls target an October upswing that could lift many altcoins to fresh highs, with renewed investor interest in privacy assets helping to drive momentum.
Dash price jumps 35% to near key level
Dash, which is trading around $36.69 at the time of reporting, posted a substantial gain as other privacy coins strengthened.
The upside was supported by gains in ZEC and Monero (XMR), combined with technical catalysts and broader macro factors. Market reaction to recent U.S. government developments and capital rotation into major cryptocurrencies also appears to have boosted DASH demand.
Privacy coin momentum: Dash mirrors ZEC, XMR gains
The crypto market has tilted bullish in recent days, and privacy coins are among the segments showing a pronounced recovery.
While larger coins and ETF-related flows have dominated headlines, smaller-cap privacy tokens like Dash have attracted inflows amid ongoing concerns about data privacy and regulatory scrutiny.
Grayscale’s support for Zcash through its Zcash Trust helped ZEC reach levels not seen since April 2022, and Monero has also seen renewed interest, gaining over 10% recently. Dash has moved in step with these peers as adoption and investor attention increase.
Market metrics indicate an average 15–20% uptick across privacy tokens over the past month, with transaction volumes for privacy-focused assets rising meaningfully year over year.
DASH price forecast: Is $60 next target?
Over the last 24 hours, Dash trading volumes across exchanges jumped more than 385% to exceed $400 million, a surge that may support further upside if sustained.
Crypto traders and analysts at Alpha Crypto Signal highlighted the move, noting that DASH “has exploded out of its long-standing horizontal channel after months of sideways consolidation.” They pointed out that the token was range-bound between $18 and $26 for much of the year, building a base before the recent breakout on heavy volume.
Analysts emphasize the $35–$40 zone as a critical area. A decisive break and hold above this range would strengthen the bullish case and could open the door to gains toward $60 or higher, depending on broader market momentum.
Conversely, if profit-taking emerges, Dash could pull back toward support near $26. Analysts caution that maintaining levels above the previous resistance around $26 will be important for validating the breakout and keeping buyers in control.