Dash plunges after India flags privacy coins – Yet XMR and ZEC hold up, why?

Dash plunged 29% in a week from a $96 peak as profit-taking meets India ban panic.

The altcoin’s price action showed a clear reversal from the recent peak near $97, where aggressive buying stalled and profit-taking quickly took control.

From that high, sellers forced a sharp breakdown, driving the price through the $72–73 resistance zone, which now acts as a clear supply ceiling.

As downside momentum built, Dash [DASH] slid toward the $60–61 zone, where price is currently consolidating around $59.6, signaling a pause rather than a full reversal.

This decline unfolded in stages. First, strong red daily candles reflected dominant sell-side pressure as short-term traders locked in gains.

Then, the pace of selling slowed near $60, a level buyers are attempting to defend.

Source: TradingView

Moreover, volume adds nuance to the story. Sell-offs expanded volume, while rebounds showed weaker participation, suggesting buyers remain cautious.

Meanwhile, RSI rolled over from near overbought levels and now hovers around the mid-40s. This confirms fading bullish momentum without signaling extreme exhaustion.

If bulls fail to reclaim $60.5–61, the price risks a continuation toward the next demand zone near $50.2.

Conversely, a sustained bounce above $60 could open a corrective move toward $68–72, where sellers are likely to re-engage.

Regulatory pressure meets market reality

India’s Financial Intelligence Unit (FIU) flagged Dash and other privacy coins over anti-money-laundering concerns, largely due to their optional privacy features that can obscure transaction trails.

Still, regulators have cited risk potential more than clear, large-scale proof of misuse. Initially, markets shrugged off the news, with Dash even rallying 11.6% on the announcement day.

However, the reaction was not immediate, but rather delayed. As enforcement neared, reduced market access began to weigh on demand, raising global delisting risks.

Other privacy coins like Monero [XMR] and Zcash [ZEC] softened but avoided similar drawdowns.

Looking forward, price action will hinge on exchange compliance timelines and whether further regulated markets follow suit.

DASH momentum fades while privacy-coin peers stay resilient

Dash entered a clear post-rally exhaustion phase after surging to a peak near $96.7, a move that encouraged short-term positioning rather than sustained accumulation.

As price stalled near the $90-100 supply zone, early buyers began locking in gains, while late entrants rushed to exit, accelerating downside momentum.

Consequently, Dash slid 27-29% over the past week, reflecting profit-taking rather than a sudden demand collapse.

In contrast, peers like XMR and ZEC posted notably smaller drawdowns.

This divergence highlights Dash’s heavier speculative buildup, which made it more vulnerable to unwinds once momentum faded.

Final Thoughts

• Dash remains in correction, with failures below $60–61 keeping downside risk skewed toward $50 while rebounds lack volume conviction.
• The 27–29% weekly drop reflects Dash-specific post-rally unwinds, as privacy-coin peers outperformed and avoided similar pressure.