Essential Guide: Dash Price Soars 125% Amid Privacy Coin Boom: Is The Rally...

Multiyear resistance raises odds of a 80% price correction.

Dash (DASH) emerged as one of the best crypto market performers this week, with its price rallying 125% to reach $79.60 on Wednesday.

DASH also rose as the EU’s DAC8 directive came into effect on Jan. 1, 2026.

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DASH’s rally further followed the network’s partnership with Alchemy Pay, a move that expands fiat on- and off-ramp access across 173 countries through more than 300 payment channels.

As of Wednesday, Dash was approaching a critical technical inflection point.

On a longer-timeframe chart, it tested a multiyear descending trendline that capped every major rally since the 2018 peak. Historically, prior rejections at this resistance zone preceded brutal drawdowns of 95% or more during the ensuing bear cycles.

A clean breakout and sustained hold above the descending trendline could open the door to a broader trend reversal, beginning with a rally toward the 0.236 Fibonacci retracement line at around $125 by February.

Failure, however, would raise the risk that Dash’s explosive rally is overheating, setting the stage for a sharp pullback toward the token’s descending trendline support since mid 2019.

Simply put, DASH could decline toward $17, down approximately 80% from current price levels, in the coming months, if history is any indication.

Source: CoinTelegraph