$DASH
(DASH) is currently trading at $58.04, showing a 49.78% increase in the last 24 hours. The cryptocurrency has broken out of a five-year descending wedge pattern, indicating strong bullish potential.¹
*Key Developments:*
- *Regulatory Pressure*: Dubai's Financial Services Authority (DFSA) banned privacy tokens like Dash, citing AML and sanctions risks.
- *Evolution Platform Upgrade*: Dash's Evolution platform is set to introduce memo-free swaps in Q1 2026, simplifying cross-chain transactions.
- *Governance Reforms*: Potential DAO governance reforms may boost treasury efficiency but face masternode resistance.
*Technical Analysis:*
- DASH is trading above its 50-day and 200-day EMAs, indicating a bullish trend.
- The Relative Strength Index (RSI) is at 67, suggesting slight overbought conditions.
📈 _Dash's price is expected to test $65-$68 resistance, with potential upside if it sustains above $53.50_.²