Dash has seen a sharp resurgence, climbing over 64% in the past week and 34% in the last 24 hours, reaching a current price of $56. This sudden growth has brought Dash back into the top 100 cryptocurrencies by market capitalization – a position it hasn’t held in a long time.
This rise comes despite a sharp correction across the broader crypto market. Most major tokens have dropped by double-digit percentages in recent days after President Trump announced a new wave of tariffs on Chinese imports.
Dash, however, has moved in the opposite direction, benefiting from renewed attention on privacy-focused cryptocurrencies, which has also lifted Zcash (ZEC) to prices not seen in years.
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Technical Indicators Signal Possible Cooldown
On the technical side, Dash is currently trading above the upper Bollinger Band, which stands at $47.56. This is often interpreted as a signal that the asset may be temporarily overbought. Should selling pressure increase, the next area to monitor is the Fibonacci support near $48.89. This could act as a temporary floor in the event of a retracement.
Simultaneously, RSI indicators are also showing overbought conditions, with RSI(14) at 84 and RSI(7) at 90. Historically, values at these levels often precede short-term corrections.
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External Factors Still Supportive
As we mentioned, the rally in Dash is not occurring in isolation. Zcash and other privacy-related tokens have also experienced strong gains this week. Some market analysts attribute this to a return of interest in the privacy sector – a narrative that was prominent during earlier market cycles.
While it is unclear how long this trend will continue, Dash’s reappearance in the top 100 and strong price movement during a wider downturn has drawn attention. At the same time, the technical indicators suggest that further upward movement may face resistance in the short term – but will likely depend also on developments with Trump’s new tariffs.
