We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Adding to the woes, the RSI and MACD both fell to negative territory, validating the price crash.
What’s more worrying for the DASH price is that the closest support area is at $30.
So, DASH faces downside of another 35% before it can find support and bounce.
Privacy Coins Under Heavy Pressure
While the broader crypto market has struggled, privacy coins have dropped far harder, establishing a sector-specific sell-off.
ETF flows favoring large caps, and liquidity drying up across smaller assets, have all contributed to the sharp downturn.
Zcash and DASH, despite massive rallies earlier in the quarter, are now showing clear breakdown structures that typically precede multi-week declines.
If ZEC fails to hold $285, and DASH breaks $30, the next legs down could be severe.
For now, the charts offer no clear reversal signs, meaning the answer to why Zcash and DASH are going down continues to be simple: strong downtrend, weak momentum, and no buyers in sight.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
