Dash (DASH) has surged over 10% in the past 24 hours, climbing from $40.20 to $44.44, outpacing Bitcoin’s 0.14% gain. A bullish structure shift on the daily chart signals potential for $50, driven by privacy coin momentum like ZCash above $500.
-
DASH rallied 10% to $44.44 amid Bitcoin stagnation between $85k-$90k.
-
Privacy sector strength, with ZCash reclaiming $500, supports the move.
-
Daily chart shows structure shift; next targets at $50-$52.5 supply zone.
DASH price rally hits 10% to $44.44 as Bitcoin stalls. Analyze charts, structure shift, and $50 target. Essential insights for traders eyeing privacy coins now.
What is the next price target for DASH after its recent rally?
Dash price currently stands at $44.44 following a 10% surge in 24 hours. Technical analysis reveals a bullish structure shift on the 1-day chart, breaking a lower high from $41.27. The immediate next target is $50, with a key supply zone at $52.5 potentially capping gains until sustained demand emerges.
Source: DASH/USDT on TradingView
The 1-day chart indicates a structural shift after breaching the lower high on December 27. Dash had been in a downtrend since mid-November, failing to hold the 78.6% Fibonacci retracement at $63. Now, On-Balance Volume (OBV) shows building pressure without new highs, while RSI nears neutral 50, aligning with price action for a potential reversal.
Source: Rami Scalps on X
Why did DASH show a bullish structure shift?
The bullish shift occurred as Dash broke above the lower high of $41.27 established earlier. Data from TradingView highlights this on the daily timeframe. Trader Rami Scalps on X applied Elliott Wave theory, identifying the move as the fifth wave with a $50.4 target. This aligns with broader privacy narrative strength, as ZCash surpassed $500 recently. RSI climbing toward 50 and OBV upticks confirm underlying buying interest. However, full trend reversal requires higher volume confirmation. Bitcoin’s price compression at $85k-$90k has not resolved bullishly, yet Dash decoupled effectively, surging 10% versus BTC’s 0.14% gain.
Frequently Asked Questions
What caused the recent 10% DASH price rally?
Dash rallied 10% from $40.20 to $44.44 due to a bullish structure shift on the daily chart and privacy sector momentum. ZCash breaking $500 bolstered the narrative, while Bitcoin’s subdued 0.14% move allowed altcoins like DASH to outperform.
Is $50 a realistic target for Dash price in the short term?
Yes, $50 aligns with Elliott Wave analysis from traders on X and the next supply zone. Visible Range Volume Profile on TradingView shows resistance buildup at $48-$50, suggesting a measured approach with profit-taking advised amid Bitcoin weakness.
Source: DASH/USDT on TradingView
Key Takeaways
- Bullish structure shift: Daily chart broke lower high at $41.27, signaling reversal potential after November downtrend.
- Privacy momentum: ZCash above $500 supports DASH rally amid Bitcoin’s $85k-$90k consolidation.
- Profit booking advised: Targets $50-$52.5 face resistance; monitor volume for sustained breakout.
Source: CoinGlass
The 1-hour chart and liquidation heatmap from CoinGlass reveal high-volume nodes at $48 and liquidity clusters near $53, reinforcing resistance levels. A breakout past $52 by early January appears unlikely without stronger Bitcoin demand.
Conclusion
The DASH price rally marks a notable divergence from Bitcoin’s stagnation, fueled by technical structure shift and privacy coin trends. Key levels at $50 and $52.5 offer trading opportunities, but caution prevails with liquidation risks. Monitor TradingView indicators and sector developments for the next moves—position defensively and book profits strategically.
Source: https://en.coinotag.com/dash-bullish-shift-hints-at-50-target-amid-bitcoin-slump

