Can Dash be traced?

I've been hearing a lot about the privacy-focused cryptocurrency, Dash. One of the key selling points of this digital asset is its alleged anonymity and lack of traceability. However, with the increasing sophistication of blockchain analysis tools and the involvement of law enforcement in crypto investigations, I'm curious if Dash can truly be traced. Could you elaborate on the privacy mechanisms Dash employs and whether there are any known methods that could potentially lead to the identification of its users? Understanding the extent of Dash's anonymity is crucial for investors and users alike to make informed decisions.