DASH Breaks Out: Privacy Coins Surge as Capital Rotates
Dash (DASH) rallied over 30% intraday to $58.83, breaking decisively out of a multi-week consolidation range on heavy volume. This MOVE signals a potential trend reversal, driven by sector rotation favoring privacy-focused digital assets.
Technical indicators have turned bullish: the RSI has entered positive territory, the MFI shows increasing liquidity, and short-term EMAs are now sloping upward. The breakout was confirmed by a sharp spike in trading volume, suggesting sustained bullish momentum is building.
The current market structure now favors upside continuation. With key EMAs providing dynamic support and momentum indicators aligning, DASH appears well-positioned for further gains, contingent on the persistence of the current sector rotation theme.