Could This Privacy Coin DASH Towards Another 550% Rally? The Charts Tell More

Dash (DASH) has caught the market’s attention again. The privacy-focused coin surged more than 30% in the past 24 hours and remains up over 33% on the week, briefly tagging the $68 level before pulling back. Even after that pause, the DASH price continues to outperform the broader crypto market, signaling strength rather than exhaustion.

Still, the rally has not been without hiccups. Some indicators warn that momentum needs confirmation before Dash can attempt a larger move. At the same time, several structural signals closely resemble a past setup that preceded a 550% rally.

Volume Fails to Support The Price Rise, Explaining the Pullback

The first warning came from On-Balance Volume (OBV), a volume-based indicator that tracks whether buying or selling pressure is dominant. OBV adds volume on up days and subtracts it on down days, making it useful for confirming whether price moves are supported by real demand.

On Dash’s daily chart, OBV has been trending lower since mid-November, forming a descending trendline. During the recent rally to the $68 peak, the price pushed higher, but OBV failed to break above that trendline. This divergence explains why DASH stalled instead of extending cleanly.

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In simple terms, buyers pushed the price higher, but volume did not expand enough to confirm the move. That does not invalidate the rally, but it does explain why a short-term pullback was likely. For the DASH price to regain momentum, volume must eventually follow price.

Money Flow Looks Possibly Stronger Than the Last 550% Fractal

While OBV lagged, Dash’s trend structure tells a more constructive story. Over the same January rally, the DASH price reclaimed all major exponential moving averages (EMAs) on the daily timeframe. EMAs give more weight to recent prices and help identify trend shifts earlier than simple moving averages.

Dash is now trading above the 20, 50, 100, and 200-day EMAs simultaneously. The last time this exact alignment occurred was in early October, just before Dash rallied roughly 550% over the following weeks.

There is an important difference this time. Back then, the rally was largely sentiment-driven. Privacy coins were surging as Zcash printed repeated spikes, and Chaikin Money Flow (CMF) was highly volatile, frequently dipping below the zero line. CMF measures whether capital is flowing into or out of an asset using both price and volume.

Now, CMF is holding above zero and compressing near its descending trendline. If CMF breaks above that trendline, it would signal sustained capital inflows, not just speculative bursts. That shift would support a structurally driven rally rather than hype alone.

Balanced Leverage Keeps Risk Contained as DASH Price Levels Come Into Focus

Derivatives data suggests the rally is not yet crowded. On Bybit alone, across the DASH/USDT perpetual pair, long and short exposure remain relatively balanced. Liquidation levels on both sides are similar — long leverage at $5.28 million and short leverage at $5.47 million.

This means there is no immediate squeeze risk forcing the price violently in either direction.

This balance gives the DASH price room to move organically. The key resistance zone sits between $61-$69, an area the DASH price lost in November and has not reclaimed since. A clean break and hold above $69 would open upside targets near $77, followed by $104, which would represent roughly 73% upside from current levels.

On the downside, losing $51 would weaken the bullish structure. A deeper breakdown could expose the DASH price to a pullback toward the $35 region if broader market conditions deteriorate.

Dash’s recent pullback was justified by weak volume confirmation. But the broader setup remains constructive. EMA alignment mirrors a historical 550% rally, and capital flow is healthier now than during that move. If volume and CMF confirm, the DASH price may not need sentiment anymore to move higher again.