How High Could Dash Price Rise If It Mirrors Zcash's November Trends?

How high can Dash price go if it copies Zcash in November?

Summary:
As Dash experiences significant growth in the crypto market, it exhibits a technical resemblance to the evolving price pattern of Zcash. There are potential high rewards and risks for Dash, depending on its ability to break through crucial resistance levels.

Key Takeaways:

Dash’s current technical setup is similar to that of Zcash prior to its breakout, indicating a possible multi-hundred percent increase.
If Dash fails to break resistance, it may correct to $69 or consider lower levels around $14–$16.

Dash is attracting attention as it has surged over 385% in the past month, marking it as one of the top performers in the cryptocurrency market. This rally closely follows recent trends from Zcash, suggesting that Dash might be poised for its own significant price movement, similar to the leap that propelled ZEC to eight-year highs.

DASH/USD vs. ZEC/USD year-to-date performance chart. Source: TradingView

Potential Dash Price Movements

Both Dash (DASH) and Zcash (ZEC) share strikingly similar long-term structural patterns. They both feature multi-year descending channels that have been in place since 2017, with ZEC successfully breaking above its channel in late September. This breakout resulted in a remarkable 634% surge, escalating the price from approximately $60 to over $390 within weeks.

ZEC/USD two-week price chart. Source: TradingView

The breakout lifted several resistance levels into support, including the critical 200-2W exponential moving average (EMA), represented by a blue wave, along with the 0.236 and 0.38 Fibonacci retracement levels. Remarkably, Zcash's relative strength index (RSI) surpassed the usual overbought threshold of 70, indicating sustained bullish momentum.

As of the latest reports, Dash's position mirrors where Zcash found itself before its price rally, as it tests the upper limit of its seven-year descending channel.

DASH/USD two-week price chart. Source: TradingView

With an RSI near 78.70, which remains below ZEC’s peak, Dash appears to have further potential for growth. A successful breakout from the upper trendline of the channel could propel Dash towards the 0.236 Fibonacci retracement level, potentially raising its price to about $98 in the upcoming weeks, which represents a possible 400% increase from current levels.

Risks to Consider for Dash's Bullish Outlook

However, there are risks associated with this bullish scenario. In previous instances where DASH tested the upper boundary of its multi-year descending channel—in 2018, 2021, and 2022—significant corrections ranging from 85% to 97% occurred.

DASH/USD two-week price chart. Source: TradingView

Currently, as Dash approaches the $98–$100 resistance area, it must maintain buying momentum to avoid a similar downturn. A pullback towards $69, in line with the 200-2W EMA, would signify a 20% drop and would serve as a critical support level to monitor for November, or potentially by year-end.

Should selling pressure intensify, Dash could additionally test the 50-2W EMA (around $34) and the 20-2W EMA (approximately $34.65) during the first half of 2026. In a worst-case scenario, historical patterns suggest a full revisitation of the lower trendline near the $14–$16 range by 2026, marking another cycle within its long-term descending channel.