3 Years and 6 Months Later, DASH Price Finally Climbs Above $100
Dash surged past $100, reaching a 3-year, 9-month high, driven by strong capital inflows and decoupling from Bitcoin's price action.Summary
Dash has surpassed the $100 mark, achieving a price level not seen since April 2022, reflecting growing investor interest in privacy-focused cryptocurrencies. Technical indicators, such as the Chaikin Money Flow (CMF), show a sharp uptick to an 11-month high, signaling strong, sustained capital inflows rather than mere speculation. Furthermore, Dash's correlation with Bitcoin has dropped significantly to -0.33, indicating its current rally is independent and driven by sector-specific demand, which is advantageous amid Bitcoin's recent weakness. The price has jumped 231% in five days, currently trading at $146, with potential upside targets at $150 and $180 if momentum continues. However, a drop below the $120 support level could lead to a correction toward $100 or $73.
(Source：BeInCrypto)