DASH led privacy coins after breaking key resistance near $41.
Negative funding rates fueled a short squeeze-driven rally.
Momentum remains bullish, but the coin might be overbought.
The privacy coin sector of the crypto market continues to hold an upper hand. But today, Dash (DASH), not Monero (XMR) or Zcash (ZEC), is at the forefront.
Over the past 24 hours, the DASH coin price has surged by 21%. XMR, on the other hand, also recorded a 15% jump, while Zcash’s price stalled near $402.
But why is DASH suddenly outperforming these other two? Let’s find out and examine the next move for the cryptocurrency.
Dash Rejoins the Privacy Coin Boom
To begin, we examine the 4-hour chart. Within this timeframe, the DASH coin broke out of a falling channel to retest the $46 level.
Previously, the last time the altcoin reached that point was on December 27, 2025. A closer look at the chart shows that buying pressure played a huge role in this breakout.
Specifically, the Money Flow Index (MFI) reading spiked to a level not seen since last December. As a result, DASH bulls were able to defend the support near $37.07.
At the same time, this played a critical role as the cryptocurrency breached the resistance at $40.93.
As shown below, the Bull Bear Power (BBP) reading has remained elevated, suggesting that the DASH coin may not undergo a correction yet.
If that is the case, the price could move to test the upper level resistance at $52.50. However, traders should also be cautious of the MFI, as the reading indicates that DASH is overbought.
To maintain the uptrend, buying volume must outweigh the sellers’ dominance. If not, a pullback could be next.
Short Squeeze Predicts Higher Levels
Beyond the spot move, derivatives positioning also supports the rally. Santiment data indicates that the DASH coin’s funding rate has remained negative, despite the price continuing to rise.
That matters because a negative funding rate usually means traders are leaning short and paying a premium to keep those bearish positions open.
When price rises against a short-heavy market, it can create a squeeze setup. In this case, it seems that shorts start taking losses, and some are forced to buy back DASH to exit or meet margin requirements.
Still, the signal cuts both ways. For now, however, the rising price alongside negative funding suggests that DASH’s price is climbing due to contrarian pressure, which often favors the continuation of the current upswing.
Amid all of this, traders have started floating bolder upside calls for the DASH coin.
For example, Ari Zaim suggested DASH’s price could rally toward $140 in the near term.
“DASH is retesting the broken falling wedge on the 2 week chart Price is holding above the breakout zone with strong buyer sup If this retest holds, continuation stays in play. Targets ahead are 45, 75, 140, 250, and 450,” He stated.
Meanwhile, Vuori kept his outlook simpler. He argued that DASH may not need a flashy target yet and could instead mirror XMR’s recent run if momentum and demand continue to build.
“DASH will follow $XMR soon! I’m expecting a double bottom + bounce! Initial target is that falling wedge breakout at $80-90 level! …After that I´m expecting MUCH higher levels!” He opined.
DASH Price Analysis: Undervalued
Looking at the daily chart, DASH previously corrected after a death cross appeared on the EMA setup.
This occurred when the 20 EMA (blue) crossed below the 50 EMA (yellow), which typically signals weakening momentum and a bearish trend.
However, the structure has started to improve. DASH coin has now broken above a key resistance line.
More importantly, the price has reclaimed both the 20 EMA and the 50 EMA, which suggests momentum is rotating from bearish to bullish.
If this breakout holds and buyers continue to defend the reclaimed moving averages, DASH’s price could push toward $62.22 as the next target. If momentum accelerates, the upside case expands toward $79.06.
Still, the setup is not guaranteed. If sellers regain control and price loses those EMAs again, the bullish thesis weakens. In that scenario, DASH could slide back toward $34.98.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
