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Key tips:
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Dash’s technical setup mirrors Zcash’s pre-breakout structure, implying a potential for a one-hundred percent rally.
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A breakout failure could trigger a correction towards $69 or even the $14-$16 range.
stretch (DASH) has emerged as one of the best performers in the crypto market, rallying by more than 385% in the past month.
The privacy coin’s performance closely mirrors that of Zcash’s rival (ZEC) recent surge, suggesting Dash could be poised for a breakthrough of its own, potentially replicating the explosive move it sent ZEC at the maximum of eight years.
How high can the DASH price go next?
Both ZEC and DASH share almost identical long-term structures, with multi-year descending channels dating back to 2017, followed by an attempted breakout at the end of 2025.
In late September, ZEC broke through the upper trendline of its descending channel, triggering a 634% rally to over $390 from around $60 in a matter of weeks.
The breakout from the descending channel has turned several 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, the ZECs relative strength index (RSI) it did not stop at the typical overbought threshold near 70. Instead, it continued to climb, reflecting an unbridled 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 the rally may still have plenty of room to run.
Related: Crypto investors flee visibility for anonymity as privacy coins rise 80%
A break above the upper trend line of the channel could send the DASH price towards the 0.236 Fibonacci retracement level around $98 in the coming weeks. This means that its price can increase up to 400% from the current levels.
What could disrupt this bullish DASH setup?
Every time DASH tested the upper boundary of its multi-year descending channel – in 2018, 2021 and 2022 – it suffered deep corrections of 85-97%.
Now, with the price once again testing the resistance zone of $98-$100, a similar reaction could be developed if buying momentum stalls.
An initial pullback towards $69, aligned with the EMA 200-2W (blue wave), represents a drop of 20% and marks the first area to look for support in November or at the end of December.
DASH could slide further to test the EMA of 50-2W ($34) and 20-2W ($34.65) in the first half of 2026 if selling pressure deepens.
In the worst-case scenario, history suggests a complete retest of the lower trend line around the $14-$16 area by 2026, completing another loop in its long-term descending channel.
This article does not contain investment advice or recommendations. Every investment and business move involves risk, and readers should do their own research when making a decision.
