Dash price jumped 35% to above $38, trending near the key resistance zone at $40.
Analysts say breakout is possible but key support remains $26 area.
DASH gained as privacy coins Zcash and Monero rose to lead the market gainers.
Dash (DASH) price has surged 35% in the past 24 hours as top privacy coins rally.
The Dash token’s value topped $38 as of early Thursday, riding overall gains that have seen Zcash lead privacy coins amid a spike to above $150.
Dash joins the crypto party at a time when bulls are targeting the October uptick that could catapult alts to new highs.
Dash price jumps 35% to near key level
As noted, Dash which is currently trading at $36.69,rose as privacy coins showed gains.
The uptick for ZEC and Monero aided Dash’s impressive 35% leap today. A lot of the upside outlook is down a confluence of this, plus technical and broader macroeconomic catalysts.
In particular, the reaction on Wall Street as the US government officially shut down and capital rotation into top cryptocurrencies looks to fuel DASH bulls.
Privacy coin momentum: Dash mirrors ZEC, XMR gains
The cryptocurrency landscape is currently trending bullish, and one sector witnessing a robust revival is that of privacy coins.
While top coins see notable traction amid ETF and treasury asset moves, small caps like Dash are taking in inflows as concerns over data privacy and regulatory overreach continue.
Monero (XMR) and Zcash (ZEC) are top coins in the privacy coins market. Support for ZEC by Grayscale with a Zcash Trust saw the token’s price skyrocket to highs last seen in April 2022.
Monero, also notching privacy-related momentum, gained over 10%. Dash price is mirroring this as its adoption gains further traction.
Market data reveals a 15-20% average uptick across the sector in the last month, with transaction volumes of privacy-focused tokens rising significantly year-over-year.
DASH price forecast: Is $60 next target?
For Dash, the last 24 hours have seen trading volumes across exchanges jump over 385% to over $400 million. This increase in volume signals potential upside continuation.
Crypto traders and analysts at Alpha Crypto Signal shared the update below on the DASH price.
“$DASH has exploded out of its long-standing horizontal channel after months of sideways consolidation,” they posted on X.”DASH had been trapped between 18–26 for almost half the year, building a strong base. The recent surge finally broke through the channel resistance with heavy volume, confirming a bullish breakout.”
The analysts noted that the key level to watch is the $35-$40 zone, with a breakout above this threshold critical to bulls’ ambitions. Gains to $60 or higher could be next amid broader market movements.
However, if profit-taking takes hold, the Dash price could dip to support around $26.
“As long as price holds above the former resistance at 26, the breakout remains valid and buyers stay in control. Another strong showing from the privacy coin sector,” the analysts added.
