Privacy coins are gaining attention as traders speculate about a potential “privacy coin supercycle.” After a period of inactivity, several tokens focused on anonymous transactions and DeFi privacy tools have experienced significant price increases — with one token rising nearly 350% in just 30 days.
As global regulators impose stricter rules regarding on-chain transparency, traders appear to be shifting back towards privacy-focused projects, betting on a resurgence in demand for on-chain anonymity. This article examines three such coins that have exhibited strong momentum recently — and may still have the potential to rise further.
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Zcash (ZEC)
The aforementioned 350% surge belongs to Zcash (ZEC) — one of the pioneering privacy coins, designed to allow users to send and receive cryptocurrency with complete confidentiality through zero-knowledge proofs, a mechanism that conceals transaction details while still allowing verification.
Zcash recently reached a four-year peak of over $297, marking one of the strongest performances among privacy coins this month, before retreating about 18% due to profit-taking. Despite this short-term pullback, ZEC maintains the possibility of further gains.
From October 7 to October 16, Zcash’s price demonstrated a higher low, while the Relative Strength Index (RSI) — a momentum indicator that assesses whether an asset is overbought or oversold — formed a lower low.
This results in a hidden bullish divergence, typically indicating that the underlying uptrend remains strong, even amid short-term selling pressure.
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To confirm renewed strength, Zcash needs to reclaim $246 and then close above $297 (a 37.2% increase from current levels), potentially paving the way toward $312 and $342, with $438 as an extended target based on trend-based Fibonacci projections.
For now, maintaining a price above $186 keeps Zcash’s bullish outlook intact — positioning it as one of the main privacy coins to monitor as the sector experiences renewed momentum. Dropping below $186 could result in more aggressive profit-taking.
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Dash (DASH)
The second privacy coin worth noting is Dash (DASH) — a long-established project recognized for its optional privacy feature that allows users to mix transactions for enhanced anonymity. Initially launched as a Bitcoin fork, Dash has evolved into one of the most prominent privacy-centric cryptocurrencies, utilized for both transactions and secure transfers.
DASH has recorded nearly an 83% increase over the past 30 days; however, recent profit-taking has led to a 24.8% correction within the last week. Notably, this correction may represent a phase in a larger continuation pattern rather than a complete reversal.
The token had previously broken out of a flag and pole pattern (highlighted in blue), targeting near $66 and successfully rallying to $61 before retracing.
Currently, a new flag and pole structure (indicated in orange) appears to be forming, suggesting that DASH might be consolidating before another breakout.
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If a breakout occurs above $43, the new structure could propel the DASH price as high as $94, based on its current pole projection. The initial levels to surpass would be $49 and $61 — both key resistance areas.
A decline below $38 could undermine this setup and may lead DASH down to $33 or even $29.
While the chart may seem intricate with multiple poles and flags, it effectively illustrates a recurrent bullish structure. It also indicates that DASH’s current pullback may signal a pause rather than a reversal in this ongoing privacy coin uptrend.
Railgun (RAIL)
Over the last 30 days, Railgun has surged nearly 184%, outpacing most other privacy coins. Nevertheless, its recent 8.1% pullback has been modest. Additionally, RAIL has posted a 5.2% increase in the past 24 hours, indicating renewed strength.
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On-chain data supports this optimistic outlook. Major holder groups have been increasing their positions over the past week:
- Smart money wallets are up 21%,
- Whales are up 35%,
- Public figures have increased holdings by 2%, and
- The top 100 addresses (which hold 90% of the supply) are up 2.1%.
The only area exhibiting slight selling is exchanges, which are up 4.7%, suggesting retail traders are taking some profits. Nonetheless, the accumulation among other groups indicates growing confidence that the privacy coin rally could persist.
From a technical perspective, the RAIL price is trading within a falling wedge pattern, a formation that often precedes an upward breakout. A close above $3.04 could confirm this movement, aiming for $3.53 initially and $5.61 — close to its all-time high — afterward.
However, a daily close below $2.24 would invalidate this bullish scenario and could propel RAIL toward $1.20. For the time being, Railgun remains one of the strongest-performing privacy tokens, merging on-chain confidence with a technically robust consolidation pattern.
