Key Takeaways:
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Dash’s technical setup mirrors Zcash’s pre-breakout structure, implying a potential for a multi-hundred percent rally.
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Failure to break out could trigger a correction toward $69 or even the $14–$16 range.
Dash (DASH) has emerged as one of the top performers in the crypto market, rallying by more than 385% over the past month.
The privacy coin’s rally closely mirrors rival Zcash’s (ZEC) recent surge, suggesting Dash could be gearing up for a decisive breakout of its own, potentially replicating the explosive move that sent ZEC to eight-year highs.
How high can the DASH price go next?
Both ZEC and DASH share nearly identical long-term structures, featuring multi-year descending channels dating back to 2017, followed by a breakout attempt in late 2025.
ZEC broke above its descending channel’s upper trendline in late September, triggering a 634% rally to over $390 from roughly $60 within a few weeks.
The breakout from the descending channel flipped multiple resistance levels into support, including the 200-2W exponential moving average (200-2W EMA, represented by the blue wave), the 0.236 and 0.38 Fibonacci retracement lines.
Meanwhile, ZEC’s relative strength index (RSI) didn’t stop at the typical overbought threshold near 70. Instead, it continued to climb, reflecting unrestrained bullish momentum.
As of Monday, Dash was sitting almost exactly where Zcash was before its rally, testing the upper boundary of its seven-year descending channel.
Its RSI was around 78.70, below ZEC’s recent peak, suggesting that the rally could still have plenty of room to run.
Related: Crypto investors flee visibility for anonymity as privacy coins surge 80%
A breakout above the channel’s upper trendline could send the DASH price toward the 0.236 Fibonacci retracement level around $98 in the coming weeks. That means its price can increase by as much as 400% from current levels.
What could spoil this bullish DASH setup?
Each time DASH has tested the upper boundary of its multi-year descending channel—in 2018, 2021, and 2022—it has suffered deep corrections of 85–97%.
Now, with the price once again testing the $98–$100 resistance zone, a similar reaction could unfold if buying momentum stalls.
An initial pullback toward $69, aligned with the 200-2W EMA (blue wave), would represent a 20% drop and mark the first area to watch for support in November or by the end of December.
DASH could slide further to test the 50-2W ($34) and 20-2W ($34.65) EMAs in the first half of 2026 if the selling pressure deepens.
In the worst-case scenario, history suggests a full retest of the lower trendline around the $14–$16 area by 2026, completing yet another cycle within its long-term descending channel.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
