Dash has staged a strong comeback this week, rising nearly 30% in 24 hours to trade around $45.
According to on-chain analytics platform Alphractal, the cryptocurrency could be entering a new accumulation phase that might lead to a major breakout toward the $100 level – and potentially beyond.
Recent on-chain data shows that Dash’s realized price, active realized price, and true market mean price are all converging around the $100 mark. Historically, this zone has acted as a critical resistance band for Dash, and analysts now believe breaking through it could unlock a path toward higher valuations.
Key On-Chain Signals Support a Bullish Case
Joao Wedson, a lead analyst at Alphractal, highlighted that the on-chain cost basis for Dash has recently been surpassed – a move often associated with early-stage bullish reversals. He noted that if momentum continues, the next key threshold lies near the Alpha CVDD metric, currently around $230.
“This level may correspond with a shift in sentiment among long-term holders, signaling confidence to re-enter the market,” Wedson explained.
Charts shared by Alphractal indicate that Dash’s CVDD (Cumulative Value Days Destroyed) bands are tightening – a pattern that in previous cycles preceded strong rallies. Historically, similar compression phases have led to substantial upside movements once the realized price was reclaimed.
Market Momentum Builds Around Legacy UTXO Coins
Interestingly, Wedson also observed renewed interest among early Bitcoin whales in older UTXO-based cryptocurrencies such as Zcash (ZEC), Litecoin (LTC), and Dash. The analyst suggests that this accumulation trend could mark a strategic shift back to proven, decentralized networks that share Bitcoin’s core architecture.
On the technical side, the RSI indicator on Dash’s daily chart has surged above 77, reflecting strong bullish momentum but also suggesting that short-term cooling may occur before further upside. The last time Dash reached similar RSI levels, it initiated a multi-week rally that saw prices more than double.
A Glimpse of What Could Come Next
If Dash successfully clears the $100 resistance zone, Alphractal’s proprietary Alpha CVDD model implies a potential medium-term target near $230. That scenario would represent more than a 400% gain from current levels. However, failure to sustain momentum could keep the asset consolidating in the $40-$60 range in the near term.
With traders increasingly rotating back into early-generation altcoins and historical support levels showing strength, market watchers are closely monitoring whether Dash’s current surge could evolve into a full-fledged trend reversal.
