- Dash price jumped 35% to top $38, sitting near the key resistance zone at $40.
- Analysts say a breakout is possible, but key support remains around $26.
- DASH gained as privacy coins Zcash and Monero climbed, leading market winners.
Dash (DASH) surged 35% in the past 24 hours as major privacy-focused cryptocurrencies rallied.
The Dash token rose above $38 on Thursday morning, benefiting from broad gains that saw Zcash leading privacy coins with a spike above $150.
Dash’s rally comes amid a wider crypto upswing, with bulls targeting an October run that could push many altcoins to new highs.
Dash price jumps 35% toward key level
As noted above, Dash is trading near $36.69 after the sharp advance tied to stronger performance among privacy coins.
Rallies in ZEC and Monero contributed to Dash’s impressive 35% move today. Much of the bullish momentum stems from this sector-wide lift, combined with broader technical and macro catalysts.
In particular, market reaction on Wall Street following a U.S. government shutdown and a capital rotation into major cryptocurrencies appear to have bolstered DASH buyers.
Privacy-coin momentum: Dash mirrors ZEC and XMR gains
The cryptocurrency landscape is currently bullish, and privacy coins are one of the sectors experiencing a notable resurgence.
As major tokens attract attention amid ETF developments and cash-asset flows, smaller caps like Dash are seeing inflows while concerns about data privacy and regulatory reach persist.
Monero (XMR) and Zcash (ZEC) are among the top performers in the privacy-coin market. ZEC’s backing by Grayscale through a Zcash Trust pushed its price to highs last seen in April 2022.
Monero, which also gained traction for privacy features, rose more than 10%. Dash’s price has reflected these dynamics as interest and adoption pick up.
Market data show an average sector gain of 15–20% over the past month, with year-over-year trading volumes for privacy-focused tokens rising significantly.
Graph of Dash price by CoinMarketCap
DASH price outlook: Is $60 the next target?
Over the last 24 hours, Dash trading volumes surged more than 385% to top $400 million. This volume spike signals the potential for continued upside.
Traders and analysts at Alpha Crypto Signal shared the following update on DASH price action.
“$DASH exploded out of its long-running horizontal channel after months of sideways consolidation,” they posted on X. DASH had been trapped between $18 and $26 for about half the year, building a solid base. The recent push broke the channel resistance with significant volume, confirming a bullish breakout.
Analysts highlighted the $35–$40 range as a critical zone to watch, noting that a decisive break above this area is essential for the bulls’ ambitions. Further gains toward $60 or higher could follow in the context of broader market moves.
However, if profit-taking intensifies, Dash could retreat to find support around $26.
“As long as price holds above the former resistance at $26, the breakout remains intact and buyers stay in control. Another strong performance from the privacy-coin sector,” the analysts added.