- Privacy coins gaining renewed attention as traders chase stronger price swings across ZEC, GHOST, DASH.
- Despite recent rallies, profit-taking risk hangs, making support levels crucial for sustaining current trend.
Privacy coins are showing renewed strength while the broader digital asset market faces pressure. Traders are shifting toward tokens that protect transaction data, with Zcash (ZEC), GhostwareOS (GHOST), and Dash (DASH) have all posted noticeable gains since the start of November. Analysts are watching whether the momentum in these privacy coins can continue through the rest of the month.
Zcash (ZEC)
Zcash (ZEC) posted a sharp rally over the past month, rising 221% and now trading near $472. The token’s price movement brought attention back to its privacy system. This system uses zero-knowledge proofs, known as zk-SNARKs. With this method, transactions can be verified without showing wallet details or the amount being sent.
Market charts are showing a strong upward direction, with the Parabolic SAR positioned below recent candlesticks, indicating steady buying strength. The price is approaching the $500 resistance level. If buyer pressure continues, analysts are watching for a possible breakout above this level in early November.
However, traders remain cautious, as profit-taking near current levels could push the price lower. If the price falls below $400, selling pressure may increase and drive the market toward $344 or even $298. In that case, confidence in the recent upward move may weaken despite the recent positive sentiment.
GhostwareOS (GHOST)
GhostwareOS (GHOST), a privacy coin on the Solana network, saw a sharp rally after its late-October launch. The price climbed from about $0.0000036 to nearly $0.02 before easing back to around $0.0123. Market watchers point to this spike as one of the strongest short-term moves among recent privacy projects.
Analysts tie the recent trend to its strong liquidity backing and a steady technical setup. With more than 99% of the liquidity pool locked and over 9,000 holders, trader confidence has increased. This has pushed some market participants to view GHOST as a notable privacy coin within the small-cap bracket.
The project’s lightweight structure and low entry price have also helped broaden access, especially in a sector where higher costs often limit new participation.
Price expectations are currently leaning positive. Market watchers believe the token could rise toward $0.00011676, and if momentum continues, it may push toward $0.00015000.
However, some analysts caution that profit-taking could pull the price back to $0.00005492, and heavier sell pressure might drive it further down to $0.00003642, which could weaken recent gains and affect investor sentiment.
Dash (DASH)
Dash (DASH) token positioned itself as a fast and low-cost option for everyday payments. Over the past month, the coin recorded a gain of about 321%, placing it among the top three privacy-focused assets by recent performance.
At the start of November, technical indicators like CMF signaled capital inflows. The token is currently trading at $141, while the $150 level stands out as a strong resistance zone. Market interest remains active at the moment. If buying pressure continues, a breakout above $150 could open the path toward the next targets at $180.
However, if demand weakens, the recent rally may reverse. A drop below $100 would increase selling pressure, potentially driving the price down to $73 and even $53.
Meanwhile, X analyst AndrewBTC suggested Dash may mirror its 2017 rally, when the coin surged 550% in a month to reach $1,600 by December 20.He noted that a similar setup appears to be forming now, predicting that if the trend repeats, DASH could climb to around $260 by late 2025.
Source: https://www.crypto-news-flash.com/3-privacy-coins-you-shouldnt-ignore/?utm_source=rss&utm_medium=rss&utm_campaign=3-privacy-coins-you-shouldnt-ignore
