DASH Soars to May High as Privacy Coin Rally Continues Unabated
DASH, the cryptocurrency associated with private payments, has seen a significant increase in value. Over the past few days, DASH rose by 17.5%, reaching its highest price since May. This surge comes on the heels of a powerful run by Zcash, another privacy-focused asset that recently surpassed $1,000 and entered the top ten in market cap for the first time.
The rally has pushed DASH's price up about 85% from its mid-August level near $30. However, there is no confirmed major project announcement driving this gain, suggesting it may be a result of market rotation rather than individual factors.
According to TradingView charts, the area between $55 and $57 will likely decide whether DASH's rally continues or not. If the price moves beyond this region, $60 could come within reach. On the other hand, falling below $57 may prompt traders who bought at lower prices to sell and secure their profits.