The post Dash Bullish Shift Hints at $50 Target Amid Bitcoin Slump appeared on BitcoinEthereumNews.com. Dash (DASH) has surged over 10% in the past 24 hours, climbingThe post Dash Bullish Shift Hints at $50 Target Amid Bitcoin Slump appeared on BitcoinEthereumNews.com. Dash (DASH) has surged over 10% in the past 24 hours, climbing

Dash Bullish Shift Hints at $50 Target Amid Bitcoin Slump

  • DASH rallied 10% to $44.44 amid Bitcoin stagnation between $85k-$90k.

  • Privacy sector strength, with ZCash reclaiming $500, supports the move.

  • Daily chart shows structure shift; next targets at $50-$52.5 supply zone.

DASH price rally hits 10% to $44.44 as Bitcoin stalls. Analyze charts, structure shift, and $50 target. Essential insights for traders eyeing privacy coins now.

What is the next price target for DASH after its recent rally?

Dash price currently stands at $44.44 following a 10% surge in 24 hours. Technical analysis reveals a bullish structure shift on the 1-day chart, breaking a lower high from $41.27. The immediate next target is $50, with a key supply zone at $52.5 potentially capping gains until sustained demand emerges.

Source: DASH/USDT on TradingView

The 1-day chart indicates a structural shift after breaching the lower high on December 27. Dash had been in a downtrend since mid-November, failing to hold the 78.6% Fibonacci retracement at $63. Now, On-Balance Volume (OBV) shows building pressure without new highs, while RSI nears neutral 50, aligning with price action for a potential reversal.

Source: Rami Scalps on X

Why did DASH show a bullish structure shift?

The bullish shift occurred as Dash broke above the lower high of $41.27 established earlier. Data from TradingView highlights this on the daily timeframe. Trader Rami Scalps on X applied Elliott Wave theory, identifying the move as the fifth wave with a $50.4 target. This aligns with broader privacy narrative strength, as ZCash surpassed $500 recently. RSI climbing toward 50 and OBV upticks confirm underlying buying interest. However, full trend reversal requires higher volume confirmation. Bitcoin’s price compression at $85k-$90k has not resolved bullishly, yet Dash decoupled effectively, surging 10% versus BTC’s 0.14% gain.

Frequently Asked Questions

What caused the recent 10% DASH price rally?

Dash rallied 10% from $40.20 to $44.44 due to a bullish structure shift on the daily chart and privacy sector momentum. ZCash breaking $500 bolstered the narrative, while Bitcoin’s subdued 0.14% move allowed altcoins like DASH to outperform.

Is $50 a realistic target for Dash price in the short term?

Yes, $50 aligns with Elliott Wave analysis from traders on X and the next supply zone. Visible Range Volume Profile on TradingView shows resistance buildup at $48-$50, suggesting a measured approach with profit-taking advised amid Bitcoin weakness.

Source: DASH/USDT on TradingView

Key Takeaways

  • Bullish structure shift: Daily chart broke lower high at $41.27, signaling reversal potential after November downtrend.
  • Privacy momentum: ZCash above $500 supports DASH rally amid Bitcoin’s $85k-$90k consolidation.
  • Profit booking advised: Targets $50-$52.5 face resistance; monitor volume for sustained breakout.

Source: CoinGlass

The 1-hour chart and liquidation heatmap from CoinGlass reveal high-volume nodes at $48 and liquidity clusters near $53, reinforcing resistance levels. A breakout past $52 by early January appears unlikely without stronger Bitcoin demand.

Conclusion

The DASH price rally marks a notable divergence from Bitcoin’s stagnation, fueled by technical structure shift and privacy coin trends. Key levels at $50 and $52.5 offer trading opportunities, but caution prevails with liquidation risks. Monitor TradingView indicators and sector developments for the next moves—position defensively and book profits strategically.

Source: https://en.coinotag.com/dash-bullish-shift-hints-at-50-target-amid-bitcoin-slump

Market Opportunity
DASH Logo
DASH Price(DASH)
$37.28
$37.28$37.28
-1.08%
USD
DASH (DASH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
New Cryptocurrency Features Coming to X (Twitter)! Here’s What You Absolutely Need to Know

New Cryptocurrency Features Coming to X (Twitter)! Here’s What You Absolutely Need to Know

The post New Cryptocurrency Features Coming to X (Twitter)! Here’s What You Absolutely Need to Know appeared on BitcoinEthereumNews.com. New Cryptocurrency Features
Share
BitcoinEthereumNews2026/01/12 04:34
REGENXBIO Highlights Key 2026 Catalysts and Announces Positive Long-Term Functional Outcomes in Lead Duchenne Gene Therapy Program

REGENXBIO Highlights Key 2026 Catalysts and Announces Positive Long-Term Functional Outcomes in Lead Duchenne Gene Therapy Program

New Phase I/II RGX-202 functional data demonstrates long-term, durable treatment effect at pivotal dose at 18 months  Robust patient enrollment in confirmatory
Share
AI Journal2026/01/12 04:30