Privacy sector: Is $DASH driving a new wave?
DASH saw a strong rise of over 10.94% within 24 hours, reaching around $60.08, alongside the return of momentum to several coins in the privacy sector.
So, are we looking at the start of a broader wave, or just a short-term move?
Key drivers:
• Collective momentum in the privacy sector:
The move wasn’t limited to DASH; positive moves also appeared in coins like Zcash (ZEC) and Horizen (ZEN), reflecting renewed interest in the sector.
• Technical improvement and increased liquidity:
DASH managed to break above short- and medium-term moving averages, alongside a rise in trading volume of about 85% to nearly $223.5 million—an important factor when assessing the strength of the move.
📉 Technical levels worth watching:
🔹 RSI-14: At 59.13, indicating notable buying momentum without currently reaching the overbought zone.
🔹 Support:
Watch for price consolidation above $58.36, with the $53–$55 range serving as a broader support area.
🔹 Next resistance:
The $62.67 level is an important zone according to the Fibonacci extension.
#ParadigmDisclosesZECHolding level to watch:
A daily close below $56.12 could weaken the current breakout scenario and call for a reassessment of the technical structure.
DASH’s move is coinciding with noticeable activity in the privacy-coin sector, so tracking ZEC, ZEN, and the rest of the sector will be important to determine whether momentum is expanding or fading.
#CryptoLens #DASH #Zcash ##PrivacyCoins
DASH saw a strong rise of over 10.94% within 24 hours, reaching around $60.08, alongside the return of momentum to several coins in the privacy sector.
So, are we looking at the start of a broader wave, or just a short-term move?
Key drivers:
• Collective momentum in the privacy sector:
The move wasn’t limited to DASH; positive moves also appeared in coins like Zcash (ZEC) and Horizen (ZEN), reflecting renewed interest in the sector.
• Technical improvement and increased liquidity:
DASH managed to break above short- and medium-term moving averages, alongside a rise in trading volume of about 85% to nearly $223.5 million—an important factor when assessing the strength of the move.
📉 Technical levels worth watching:
🔹 RSI-14: At 59.13, indicating notable buying momentum without currently reaching the overbought zone.
🔹 Support:
Watch for price consolidation above $58.36, with the $53–$55 range serving as a broader support area.
🔹 Next resistance:
The $62.67 level is an important zone according to the Fibonacci extension.
#ParadigmDisclosesZECHolding level to watch:
A daily close below $56.12 could weaken the current breakout scenario and call for a reassessment of the technical structure.
DASH’s move is coinciding with noticeable activity in the privacy-coin sector, so tracking ZEC, ZEN, and the rest of the sector will be important to determine whether momentum is expanding or fading.
#CryptoLens #DASH #Zcash ##PrivacyCoins
