DASH Skyrockets 100% Weekly, Breaks $87 as Privacy Narrative Gains Momentum
Dash's price surged past $87, marking a 17.5% daily gain and a 100% weekly rise, fueled by payment integrations and renewed interest in financial privacy. The token outperformed peers like Monero and Zcash, with daily volume exceeding $1 billion and RSI spiking above 90.
A $4.9 million short squeeze on January 13 ignited the rally, propelling Dash from $71 to over $92 in 48 hours. Trading volume skyrocketed 800%, reaching $932 million, while market capitalization crossed $1.05 billion. Technical indicators show bullish alignment, with key moving averages signaling sustained momentum.
The breakout from a multi-month descending channel suggests a structural trend shift, as former resistance between $60–$70 now acts as support. Regulatory scrutiny on competitors like Zcash has drawn fresh capital toward Dash's privacy-focused ecosystem.
