Dash price has been in an uptrend recently. The Dash coin has jumped by 13% in the past 24 hours and by more than 90% in the past seven days. This brings Dash's total market cap to more than $2.9 billion. Other privacy-focused coins like Monero and ZCash have also rallied by 5% and 2, respectively.

Dash has been on a steady upward trend

Dash has been in a very strong trend in the past few months. The Dash coin has jumped by more than 778% since March last year when it dropped to $34. Today, it's trading at $300. This performance has been mostly due to the rising demand for privacy-focused coins that guarantee privacy.

Also, Dash has become widely accepted worldwide. it's now accepted in more than 5,000 merchants and in the third quarter, its transactions totaled more than $0.64 billion.

Further, the performance of Currency has also been high because of the overall performance of other cryptocurrencies. Today, Bitcoin BTC soared to $52,000 while Ethereum is approaching $2,000. the total market cap of cryptos has jumped to over $1.5 trillion.

Turning to the DASH/USD hourly chart, we see that the price of Dash has been on a steady upward trend. Today, it's attempting to move above $300, where it struggled to move above on February 13. the Dash price seems to have been forming a variant of the cup and handle pattern.



Therefore, in my view, while a pullback is probably going, the currency will likely remain during a bullish trend for now. we should not rule out a price rally to $400 in the near term. On the flip side, a drop below $235 will invalidate this trend.

Dash price primed for an additional parabolic run-up

Dash Coin price tested the symmetrical triangle pattern upper trendline thrice before violently surging higher. In hindsight, these bounces appear to have been clear signs of accumulation before the 200% bull rally.

The symmetrical triangle pattern formation forecasts a 330% surge, which is that the distance between the price's pivot high and low, measured from the breakout point.

At the time of writing, DASH is trading at $265 on the 3-day chart gathering momentum to achieve its target at $400.

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