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Many people were still bearish on privacy coins a while ago. As a result, $DASH directly slapped them with a 41% daily increase.
It's quite ironic—what was thought to be a dead sector suddenly makes people reevaluate the entire logic.
From a technical perspective, the situation is indeed worth paying attention to. The EMA arrangement is neat and orderly, and the MACD has also issued a signal. But there's a problem—RSI has already surged above 80, firmly in the overbought zone. What’s truly intriguing is the capital performance. A large inflow of 6.9 million USDT in a single transaction indicates serious institutional interest; it’s definitely not retail investors chasing the bottom.
But to be honest, those rushing in now are likely just riding the wave for others. The $78 level is right in front of us, and it’s a clear resistance point. How much room for further gains do you think there is?
The story of privacy coins is indeed alive again. The tighter the regulation, the greater the demand for such assets—human nature at work. But technical indicators have long explained how things will unfold next.
My advice is to wait for a pullback to around $62.5 before considering entering. Once it falls below $60, this rally will basically be over.