DASH coin lead privacy coins rally as broader crypto market bleeds

  • DASH price surges over 150% as privacy coins attract renewed investor demand.
  • Aster DEX listing has boosted DASH liquidity and trading volume sharply.
  • Bulls now eye $150 target if DASH holds above the key $100–$120 support zone.

While the broader cryptocurrency market struggles under heavy selling pressure, DASH coin has emerged as an unlikely leader, staging one of the most remarkable comebacks in recent months.

The privacy-focused coin has surged more than 49% in the past 24 hours and over 150% in the past week, defying the downturn that has gripped most major coins.

Renewed investor interest in privacy coins, exchange listings, and strong technical momentum have all helped fuel DASH’s latest explosive rally.

Privacy demand ignites a surging DASH coin price

As Bitcoin and other leading assets face growing regulatory scrutiny, investors have increasingly turned to privacy coins such as DASH, Monero, and Zcash.

This shift in sentiment comes as governments prepare to tighten transparency and reporting standards ahead of 2026, prompting traders to seek digital assets with built-in privacy features.

DASH’s optional “PrivateSend” feature has drawn attention from long-term holders who view it as a hedge against excessive surveillance.

Notably, the privacy narrative has grown stronger in recent weeks, with capital rotation clearly visible in market flows.

Alongside Monero’s 23% and Zcash’s 26% gains, DASH’s performance stands out as investors pour into assets that promise discretion in transactions.

Adding to the bullish momentum, DASH coin was recently listed on Aster DEX, a decentralised exchange backed by Binance.

The listing introduced 5x leveraged perpetual trading, dramatically increasing liquidity and visibility for the coin.

Trading volume skyrocketed to over $2 billion in 24 hours, up 156% from the previous day, while open interest in derivatives surpassed $100 million — the highest level in years.

This surge in speculative activity signalled not only renewed trader confidence but also growing belief in DASH’s longer-term value proposition.

Breakout confirms technical reversal

From a technical perspective, DASH has broken out of a prolonged 968-day downtrend, climbing from the $50 region to above $130.

All major exponential moving averages (EMAs) — the 20, 50, 100, and 200 EMAs — are now aligned in bullish formation, confirming a strong uptrend.

Momentum indicators, however, suggest caution.

The relative strength index (RSI) recently peaked above 93, signalling overbought conditions after the coin’s parabolic rise.

DASH price analysis
DASH coin price chart: Source: CoinMarketCap

Despite this, the $100 to $120 range is viewed as a critical support zone. If bulls can defend this level, DASH could extend its rally toward $150 and possibly $170–$180 in the near term.

Conversely, a drop below $100 may invite profit-taking and push the price toward $85–$90, areas that coincide with key Fibonacci retracement levels.

Whale accumulation has also played a significant role in the latest surge.

According to Illia Otychenko, a lead analyst at CEX.IO, the top 100 DASH wallets now hold nearly 37% of the total supply — the highest concentration in a decade.

This accumulation trend reflects growing confidence among large holders that the coin’s revival could mark the beginning of a longer bull cycle.

Market sentiment remains bullish but fragile

Despite the overheated indicators, the overall sentiment around DASH remains firmly bullish.

The coin’s rally has been supported by broader momentum within the privacy coin sector, rising derivatives activity, and expanding cross-chain integrations through the Maya Protocol.

On-chain inflows recently hit a multi-month high of $4.2 million, suggesting a fresh wave of accumulation and renewed faith in the project’s fundamentals.

However, the broader market backdrop remains uncertain. Bitcoin’s 17% monthly drop and a crypto fear index reading of 27 underline the cautious mood across digital assets.

For DASH, holding above $120 in the coming sessions will be crucial to sustaining its breakout and confirming a trend reversal.

In the near term, traders should watch closely to see whether the DASH price can consolidate above $130 and turn resistance into support.

If the privacy narrative continues to attract capital and liquidity remains high across exchanges, DASH could retain its leadership among privacy coins even as the rest of the market struggles.

The post DASH coin lead privacy coins rally as broader crypto market bleeds appeared first on CoinJournal.

Balancer dips below daily resistance level, eyes April 8 low

Key takeaways

  • BAL is down 12% in the last 24 hours and has dropped below $0.9.
  • The coin could retest the April 8 low of $0.739 if the bearish trend persists.

BAL sinks below $0.85 following Balancer hack

BAL, the native coin of the Balancer platform, has lost 5% of its value in the last 24 hours, making it one of the worst performers in the market. The bearish trend comes after Balancer, a DeFi protocol, suffered a major exploit on Monday, losing roughly $110 million in digital assets. 

According to reports, the stolen funds include osETH, WETH, and wstETH. The attacker drained 6,850 osETH, 6,590 WETH, and 4,260 wstETH from the Balancer platform. The security tool Decurity revealed that the hack occurred due to a faulty access control in its “manageUserBalance” function.

The vulnerability allowed the attacker to trigger internal balance withdrawals from Balancer’s smart contracts without proper permissions.

BAL could slip below $0.8 if the selloff continues

BAL has lost 12% of its value since the report of the hack on Monday, with the coin losing a crucial daily support level at $0.915. The BAL/USD 4-hour chart has switched bearish and inefficient following the swift selloff recorded by the pair.

The technical indicators are also bearish, suggesting heavy selling pressure. The RSI on the daily chart reads 43, below the neutral 50 and in a bearish zone. The MACD lines also crossed over into the negative zone over the weekend, suggesting a bearish bias.

After dropping below the $0.9150 support, the bulls would need to defend the next major resistance level at $0.735. This support level has held since April 8, and failure to defend this could trigger a yearly low for BAL.

However, if BAL recovers from this selloff, it will need to push above the support-turned-resistance level of $0.9150 over the next few hours or days. This would allow it to push above $1.0 psychological level once again.

The post Balancer dips below daily resistance level, eyes April 8 low appeared first on CoinJournal.

Will Ether test the daily resistance at $3,350? Check forecast

Key takeaways

  • Ether is down 6% in the last 24 hours and is now trading around $3,500.
  • The coin could retest the daily resistance at $3,350 in the near term.

Ether slips to $3,500

Ether, the second-largest cryptocurrency by market cap, has lost 6% of its value in the last 24 hours and is now trading at $3,502 per coin. The bearish performance comes as the broader cryptocurrency market continues to bleed.

The coin’s negative trend also comes despite Ethereum treasury firm BitMine Immersion (BMNR) announcing on Monday that it added 82,353 ETH to its balance sheet. The latest acquisition means that BitMine’s holdings have climbed to 3.39 million ETH or 2.8% of ETH’s circulating supply. 

While commenting on the acquisition, BitMine’s chairman Thomas Lee stated that,

Ethereum fundamentals continue to strengthen at an accelerating pace, with stablecoin supply on ETH rising >15% in the past 8 weeks and application [revenue] reaching an all-time high. Most of the time, price leads fundamentals, but at times fundamentals drive ahead, and price converges higher.

BitMine intends to acquire 5% of ETH’s circulation. It is currently the leading company with Ether holdings, ahead of SharpLink Gaming (SBET), which holds 859,395 ETH, and The Ether Machine (ETHM) with 496,712 ETH.

Ether could retest the daily support at $3,350

The ETH/USD 4-hour chart is bearish and efficient as Ether has underperformed in recent weeks. Ethereum saw $292.6 million in liquidations over the past 24 hours, led by $269.2 million in long liquidations, as traders took a massive hit.

The technical indicators are currently bearish, suggesting further selling pressure. The RSI on the daily chart of 43 is below the neutral 50, indicating a bearish bias. The MACD lines also crossed over into the negative zone over the weekend, flashing selling signals to traders.

If the selloff continues, ETH could retest the daily support at $3,350, last touched on August 2nd. However, if the bulls regain control of the market, ETH could recover above $3,700 before eyeing the major resistance level at $3,900.

The post Will Ether test the daily resistance at $3,350? Check forecast appeared first on CoinJournal.

Dogecoin dips by 7% as whale interest fades; Check forecast

Key takeaways

  • DOGE is the worst performer among the top 10 cryptocurrencies by market cap, down 7.5% in the last 24 hours.
  • The bearish performance comes as BTC and other major cryptos underperform.

DOGE leads the market flush

The cryptocurrency market has underperformed over the weekend, with Bitcoin’s price dropping below the $108k mark. As usual, memecoins suffered the heaviest blow, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all recording huge losses in the last 24 hours. 

On-chain and derivatives data suggest that large wallet investors and retailers are reducing their risk exposure to Dogecoin and other leading memecoins, boosting the supply pressure. 

Data obtained from CoinGlass shows the futures Open Interest (OI) for Dogecoin, the notional value of all outstanding futures contracts, is down by 2% over the last 24 hours, reaching $1.70 billion. A decline in OI value suggests that the traders are reducing risk exposure by lowering leverage or closing positions. 

Furthermore, on-chain data reveal that interest from large wallet investors is decreasing in memecoins. DOGE investors with over 100 million tokens have remained flat since the start of the month. 

DOGE could retest the monthly support at $0.15

The DOGE/USD 4-hour chart is bearish and inefficient as the memecoin has failed to rally in recent weeks. The technical indicators are extremely bearish at the moment, suggesting further selling pressure.

At press time, DOGE is trading at $0.175, down 7.5% in the last 24 hours. The bulls failed to hold the price above the $0.17816 support level, marked by the October 11 low, with current price action suggesting further downward movement. 

A daily close below this level could see DOGE dip towards the $0.15009 level, marked by the October 10 crash. The MACD lines are within the negative territory, while the RSI of 40 both suggests a bearish bias. 

However, if the bulls push DOGE’s price above the $0.17819 level by the end of the day, the memecoin could hit Sunday’s high at $0.18884 over the next few hours.

The post Dogecoin dips by 7% as whale interest fades; Check forecast appeared first on CoinJournal.

Bitcoin price forecast: BTC could face further correction as momentum weakens

Key takeaways

  • BTC is down 3% in the last 24 hours and is now trading below $108k.
  • The bearish performance comes as momentum in the market continues to weaken.

Bitcoin slips below $108k

The cryptocurrency market is opening the weekly candle bearish, with Bitcoin and other major cryptocurrencies suffering huge losses in the last 24 hours. Bitcoin has lost 3% of its value since Sunday and is now trading at $107,500 per coin.

Other leading cryptocurrencies, including Ether, XRP, and BNB, are all trading in the red as momentum in the market continues to weaken. 

BTC’s price faced rejection at the 78.6% Fibonacci retracement level at $115k last week as the Fed rate cut failed to spur a rally. It has lost over 7% of its value since then and could dip lower if the bearish trend continues. 

The recent bearish trend comes as the Fed chair Jerome Powell quenched expectations of a December rate cut during his press conference last week. According to Powell, the tariffs continue to affect prices, and this could see the Fed leave interest rates unchanged for a while.

BTC could dip below $107k as bearish momentum strengthens

The BTC/USD 4-hour chart remains bearish and efficient as Bitcoin has lost 3% of its value in the last 24 hours. The technical indicators are currently bearish, with further selling pressure expected in the market.

The RSI of 45 is below the neutral 50, suggesting that sellers are currently in control of the market. The MACD lines are also below the positive zone, indicating a bearish bias.

If the selloff continues, Bitcoin’s price could drop to the $106k level over the next few hours. An extended bearish trend would see BTC drop to he major support level at $103,571.

However, if the bulls regain control of the market, Bitcoin could reclaim the first major resistance level at $111,370. Last week’s high of $116,447 remains unlike at the moment due to the heavy selling pressure.

The post Bitcoin price forecast: BTC could face further correction as momentum weakens appeared first on CoinJournal.