DASH surged as privacy coins regained favor, climbing more than 15% in 24 hours to push past $40 and reward traders who bought in earlier. The rebound wasn’t just a market-wide bounce — on-chain and structural developments helped fuel the move. Key on-chain and market data - Trading volume more than doubled in a day, jumping from $72 million on Feb. 13 to $160 million on Feb. 14 — a 114% increase (DeFiLlama). - Total value locked (TVL) in DASH rose by about 10%, to roughly $80,000 at press time (DeFiLlama). - Addresses holding over $1 million in DASH increased just ahead of the most recent leg up, suggesting larger holders re-entered or added to positions (CoinMarketCap). Technical picture and levels to watch - DASH ripped through $40 after breaking out of a descending trend channel that had held for more than a week — a structure break that often signals a trend reversal, particularly in this sector. - The immediate upside target is around $42 (a former support turned resistance), where the price could stall or reverse. A decisive break above $45 would likely flip higher timeframes into a bullish bias. Failure to clear $45 would keep DASH within a broader bear-market structure, mirroring the wider crypto market. - Momentum indicators show room for caution: the MACD histogram peaked at 0.48 during the first leg of the rally but was only 0.16 at press time, implying current momentum is weaker than the prior surge. Privacy sector rotation - The privacy-coin cohort broadly flashed green, reinforcing the narrative of capital rotating into the sector. ZCash (ZEC) led gains at about 23%, followed by DASH, Monero (XMR) and Decred (DCR). The coordinated strength across privacy assets likely amplified buying pressure into DASH. Outlook - The combination of higher trading volume, a TVL uptick, increased large-holder activity and a breakout from a short-term descending channel points to renewed interest in DASH. Traders should monitor $42 and $45 as key decision points: $42 for potential resistance and $45 as the level that would confirm a shift to higher-timeframe bullishness. - Given the softer momentum readings, caution is warranted — the rally could fizzle if follow-through buying doesn’t materialize. Disclaimer: This article is for informational purposes only and is not investment advice. Cryptocurrency trading carries significant risk; do your own research before making decisions. Read more AI-generated news on: undefined/news