- Dash gained 104% in October, trading at $45.76 after a strong rally.
- The price breakout above $38.50 confirms renewed bullish momentum.
- Over 1.2 billion DASH traded in October, marking record market activity.
Dash (DASH) recorded a 104% rally in October, reaching $45.47 at the time of writing. The cryptocurrency broke out of a prolonged range, confirming bullish momentum supported by record trading activity.
The surge follows several months of sideways movement, with the price remaining above the key support level of $38.50. According to market data, Dash’s trading volume exceeded $1.2 billion in October, marking one of the highest levels in its history.
Breakout Confirms Bullish Structure
Dash’s breakout from the box range, which had contained the price since February, confirms a shift in trend. The range ended in late September, followed by a sharp weekly candle showing a 67% gain the strongest performance in a year.
After reaching a yearly high of $61.40 earlier this month, the price entered a brief retracement, dropping around 14%. Despite this, the current structure remains positive as long as Dash holds above the $38.50 support zone. Analysts note that the ongoing consolidation may provide a foundation for another upward move toward the $64 resistance.
Technical Levels and Market Outlook
Dash’s immediate target is a retest of the $64 resistance, which, if surpassed, could open a path toward $78. The $38.50 mark remains a key support derived from the 50% Fibonacci retracement between the June low of $17.44 and the recent high.
The market capitalization currently stands at about $568 million, with a 24-hour trading volume of approximately $180 million. The circulating supply is 12.4 million DASH. Whales continue to accumulate, with 100 major wallets holding over 36% of total supply, reflecting growing confidence in the recent uptrend.
If Dash maintains support above $38.50, the bullish breakout seen in October may extend into the final quarter of 2025, supported by strong trading momentum and renewed investor interest.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
