How high can Dash price go if it copies Zcash in November?
Dash's price structure mirrors Zcash's pre-breakout pattern, suggesting a potential 400% rally if it breaks its multi-year descending channel resistance.Summary
Dash (DASH) has recently rallied significantly, and its technical setup closely resembles that of Zcash (ZEC) before its major surge, suggesting Dash might be poised for a similar explosive move. Both cryptocurrencies share long-term descending channels dating back to 2017. ZEC recently broke out of its channel, leading to a 634% rally. Dash is currently testing the upper boundary of its own seven-year descending channel near the $98–$100 resistance zone, with an RSI suggesting room for further growth. A successful breakout could target the 0.236 Fibonacci retracement level around $98, implying a potential 400% increase from current levels. However, historical tests of this channel boundary have resulted in deep corrections of 85–97%. If momentum stalls, Dash could correct toward $69, aligned with the 200-2W EMA, or potentially slide further to the $14–$16 range by 2026 if selling pressure intensifies.
(Source：Cointelegraph)