Dash, as the world's first privacy-focused payment cryptocurrency, has been around for ten years since its inception in 2014. It once gained fame in the dark web and payment sectors for its "second-level instant transactions + anonymous trading" features, reaching the top five in market capitalization at its peak. Although it has experienced market fluctuations over the years, the situation began to change after 2024—upgrades in privacy mixing technology, improvements in DAO governance mechanisms, and ecosystem integration with DEXs have revitalized this veteran privacy coin. Indicators such as the doubling of merchant partnerships and the ecosystem TVL surpassing $500 million suggest that the "old tree sprouting new buds" potential still exists.
Currently, many market participants are paying attention to Dash's price movements. The current price hovers around $56, which is at an interesting technical position. Based on recent market fluctuations—touching a low of $42.15 and a high of $77.96—several key levels are worth noting according to Fibonacci ratios.
The $52.20 level corresponds to the 0.382 Fibonacci support level, which typically indicates a strong rebound support in technical analysis. On the other hand, $47.90 corresponds to the 0.618 Fibonacci resistance level, where historical rebounds often face resistance. For traders interested in the privacy coin sector, these two levels are worth keeping in mind, as they can help judge the short-term bullish or bearish momentum.
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TokenomicsTinfoilHat
· 7h ago
Does Dash still have a chance? But then again, there's always demand for privacy coins...
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The position at 56 is indeed interesting, but I'm more concerned about whether that 5 billion TVL can stay stable.
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I haven't fully understood the golden ratio set, but those two points at 52 and 47.9 definitely need to be marked.
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The coins that were once in the top five are now still eyeing DAO and DEX, which is a bit nostalgic... But who says old coins can't succeed?
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I'm amused when people say merchant numbers are doubling; real data still needs to be checked by yourself, don't just listen to hype.
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Privacy coins are always being attacked, but they'll never die. I think Dash's move is promising.
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If the line at 42.15 breaks, be alert; don't be fooled by false rebound signals.
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MEVHunterLucky
· 7h ago
This wave of dash definitely has some substance. From dark web veterans to mainstream, the transformation is quite significant.
I remember the support level at 52.2, waiting for the rebound.
Old coins are hard to turn around; it mainly depends on whether the ecosystem can truly take off.
Is now the time to buy at $56 or wait for a dip? I'm a bit unsure.
Does the Fibonacci retracement work for privacy coins? It feels like small market cap with big fluctuations.
Has the security really improved after the coin mixing upgrade? That's the core issue.
I believe in Tao governance improvement, but is the doubled merchant cooperation real data?
5 billion TVL sounds like a lot. How does it compare within the entire privacy coin sector?
That resistance at 47.9 feels like it needs multiple tests before breaking through.
Coins that were once in the top five are now active again, indicating there are still opportunities in the market, but we need to stay steady.
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CounterIndicator
· 8h ago
Dash has been around for ten years now, still innovating and changing things up. I'm optimistic.
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I've had my eye on the 52.2 line for a while. As long as it doesn't break this support, I'll keep shorting.
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Starting with dark web payments, now playing with DEXes. This shift seems a bit off.
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TVL breaking 500 million? Is it hype or real? Need to see the actual data.
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Old-school privacy coin... Can it make it back into the top five this round? Very uncertain.
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Probably peaked at $77, let's wait until below $50 to consider.
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I'm tired of the golden ratio method; every time it claims a key level, it gets broken.
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If privacy coins really take off, regulations will quickly kill them. Don't be too optimistic.
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$56 is indeed an awkward position, stuck in the middle without movement.
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I haven't felt any doubling in merchant transactions. Have you used Dash for payments?
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Technological upgrades sound good, but Dash's ecosystem doesn't have much going on.
View OriginalReply0
HappyToBeDumped
· 8h ago
Is Dash brother starting to turn around again? The 52.2 level really needs to hold.
Are dark web coins still a market? I doubt it.
Ten years of talking about technological upgrades... where are the promised applications?
The golden ratio sounds professional, but I still bet on Bitcoin.
Ecosystem TVL of 500 million sounds good, so why is the price still so stagnant?
Can it break 80 this time? I bet it can.
Old tree new buds, but the roots have already decayed. The era of privacy coins is over.
That 47.9 hurdle is hard to cross, based on historical experience.
Compared to privacy coins, I prefer the narrative of mainstream coins.
Suddenly remembered how popular Dash used to be. Now it really has no presence.
Dash, as the world's first privacy-focused payment cryptocurrency, has been around for ten years since its inception in 2014. It once gained fame in the dark web and payment sectors for its "second-level instant transactions + anonymous trading" features, reaching the top five in market capitalization at its peak. Although it has experienced market fluctuations over the years, the situation began to change after 2024—upgrades in privacy mixing technology, improvements in DAO governance mechanisms, and ecosystem integration with DEXs have revitalized this veteran privacy coin. Indicators such as the doubling of merchant partnerships and the ecosystem TVL surpassing $500 million suggest that the "old tree sprouting new buds" potential still exists.
Currently, many market participants are paying attention to Dash's price movements. The current price hovers around $56, which is at an interesting technical position. Based on recent market fluctuations—touching a low of $42.15 and a high of $77.96—several key levels are worth noting according to Fibonacci ratios.
The $52.20 level corresponds to the 0.382 Fibonacci support level, which typically indicates a strong rebound support in technical analysis. On the other hand, $47.90 corresponds to the 0.618 Fibonacci resistance level, where historical rebounds often face resistance. For traders interested in the privacy coin sector, these two levels are worth keeping in mind, as they can help judge the short-term bullish or bearish momentum.