For several months, significant increases have been observed in privacy-focused altcoins. The trend, initiated by ZEC Coin’s rise in October, continues unabated. Recently, DASH has regained an upward momentum, reaching a resistance point after several days of trials. It is expected that this dynamism will continue in the coming days.
DASH Coin’s Market Dynamics
DASH Coin, historically favored by seasoned investors, is among a few senior altcoins focused on privacy. After the resignation of ZEC Coin’s 20-something team, it joined the Monero surge. While there were outputs from XMR Coin, DASH has now reached the $90 resistance zone once again. Towards the end of the year, investors collecting privacy altcoins began diversifying their risks from ZEC Coin to various alternatives, which enabled triple-digit prices last year.
Now, with the diminished excitement for XMR and flows from ZEC Coin, the rise in DASH’s price appears more significant. Should the $90 level be claimed and transformed into support, the next targets would be the $104 resistance, followed by the $121 and $149 ranges.
Should profit-taking commence, attention will be on the $72 and $60 support levels.
Upcoming Week’s Crucial Developments
Next week, major developments will unfold one after another, ranging from PCE data to Supreme Court tariff decisions. As key events such as Japan’s interest rate decision influence cryptocurrency directions, we might see BTC break either $94 or $98. If support levels are lost, DASH might also test lower supports.
However, if BTC surpasses the $98,000 resistance, DASH may stand out among privacy-focused altcoins, potentially breaching the $149 mark as XMR cools off.
Maintaining a strong bullish candle on the weekly chart, if DASH holds above $80 in the coming days, it will focus on its long-term target of the $171 zone. In late 2021, this key area was lost, leading to a steady decline. If 2026 is poised to be a rising period for altcoins, aiming for around $200 in DASH might not be an exaggeration. Nonetheless, in the realm of cryptocurrencies, making firm predictions is challenging, and unpredictabilities such as potential actions from Trump could dramatically impact the markets.