Is Dash the Next Privacy Coin to Explode After Monero’s Record Run?

Dash (DASH), a privacy-focused cryptocurrency, could rally by more than 50% in the coming days as it enters a convincing bullish reversal breakout stage.

DASH Wedge Breakout Eyes $93.50 by March

As of Jan. 14, the DASH/USDT pair was trading at around $59, up 85% week-to-date due to a broader uptrend in the privacy coin sector, led by Monero’s (XMR) recent rise to a new record high.

In doing so, DASH has broken above the upper trendline of what appears to be a falling wedge pattern. The setup, confirmed as the price painted two descending, converging trendlines, typically results in a breakout to a level at length equal to the maximum distance between the upper and the lower trendline.

Applying these technical metrics to DASH’s current scenario shows that the coin has entered the wedge’s breakout stage already. That brings its measured upside target to around $93.50, up about 56% from the current price levels, by March.

On the flip side, DASH’s relative strength index (RSI) on the daily chart entered the overbought territory above the 70 reading.

That increased the odds of a price correction toward the first line of support around the $47-50 area, aligning with the 0.786 Fibonacci retracement line.

Zcash Rotation Adds to The Bullish Outlook

A broader rotation within the privacy coin sector is reinforcing the bullish setup across Zcash (ZEC) rivals.

As governance turmoil and developer exits weighed on Zcash, investors increasingly shifted capital toward alternative privacy-focused networks. Monero emerged as the primary beneficiary, rallying to record highs as traders favored its perceived stability and long-standing privacy credentials.

Dash may also be a potential beneficiary of these rotational flows. Unlike Zcash, Dash has not faced recent governance disruptions, and its on-chain governance structure has remained intact.

This relative stability could make Dash a secondary destination for capital rotating within the privacy coin sector, particularly as investors look to diversify exposure beyond early outperformers such as Monero.

Historically, Dash has often lagged during the initial phase of privacy-led rotations, only attracting interest once capital begins to spread across the sector.

If demand for privacy-focused assets continues to build, Dash could see increased attention as part of a broader rotation rather than as a standalone market leader.