Dash Price Soars 75% in One Week: Can It Reach $150 Target?
Dash's price surge of over 75% in one week has left many wondering if it can continue its momentum. The cryptocurrency, which has been on a tear since August, has reached the $70 territory and is showing signs of mild price rejection due to profit-taking.
The increase in trading volume and open interest (OI) data suggests that fresh capital is flowing into the market, rather than just short covering. This indicates genuine buying conviction behind the move.
According to analysts, if Dash can clear the $95.4-$96.40 resistance zone, it could potentially work towards a price target of $150 by the end of 2026. However, if bulls fail to clear this level and profit-taking intensifies, a retracement towards the $55-$60 support or even as low as $37.66 is possible.
The recent rally has been accompanied by a sharp rise in OI, which has reached an all-time high of $113M. However, such steep spikes often precede short-term volatility and can make the market vulnerable to a long squeeze or sharp correction if profit-booking or negative news triggers liquidations.