- Dash reclaimed a key support zone and now approaches resistance with increasing volume, suggesting potential for a breakout toward $100 levels.
- Whale wallets now hold 36% of DASH supply, signaling strong confidence as accumulation continues despite the recent price surge in October.
- Trading volume reached $600 million in October, the highest since 2021, reinforcing growing interest in Dash’s renewed market potential.
Dash (DASH) is showing fresh strength as it rebounds from key levels, riding a wave of renewed privacy coin demand, whale accumulation, and rising volume—hinting at a potential move toward the $100 mark.
Technical Pattern Points to a Possible Rally
Analyst Alpha Crypto Signal insights noted that DASH was inside a symmetrical triangle .The coin reclaimed a key support level and started moving toward the upper trendline.The price is moving between a rising support line and a horizontal resistance zone.
The 9-period EMA is around $43.59, while the 50-period SMA sits higher at $45.82. These averages are acting as short-term resistance. As long as DASH stays above this support, the setup leans slightly bullish.
Volume has increased during upward moves and dropped during sideways action. This suggests the market is waiting for a breakout. The next targets could be $85, $100, and $130 If DASH moves past $71 with strong volume.
Volume and Whale Activity Add to Bullish Setup
Dash’s daily trading volume surged to over $600 million in October, levels not seen since early 2021. The current volume remains strong between $200 million and $300 million, showing growing trader interest.
In the past, high volume often came before big price moves,so if volume stays high,another rally like the one that pushed DASH to $400 in 2021 could happen.
Whales are also buying. The top 100 DASH wallets now hold 36% of the total supply, up from 25% earlier this year. These large holders are not selling, even after the recent gains, showing strong belief in DASH’s future.
Privacy Coins Make a Comeback
Privacy coins are seeing a comeback. A report from Milkroad showed that privacy coins and exchange tokens were the only two profitable sectors last month. DASH, along with Zcash and Monero, led the pack.
Search trends and online interest in privacy coins are the highest since 2017. This renewed attention is giving DASH more room to grow.
Alpha Crypto Signal mentioned that masternode rewards are taking coins off the market, reducing supply. If DASH keeps up its momentum and breaks $70 with real buying volume, it could move toward $100 or even $130.
