- The downside price surged to a high of $65 and then capped the rally to a major support level.
- Privacy coins Zcash and Dash also benefited as they soared against the broader market dump.
- After hitting a four-year high, DCR could aim for $100 next.
While top coins are falling to or below major levels, Decred (DCR) and several other coins are bucking the trend with notable spikes.
While the broader crypto market downturn has seen Bitcoin, Ethereum, and XRP plummet, Decred has soared to heights not seen since 2021. All of this is happening as Zcash and Dash stand out amidst the continued resurgence of privacy-focused assets.
Decred soars to $65, a four-year high
Decred’s price soared more than 150% in 24 hours to a four-year high of over $65, but this came amid a broader selloff for the cryptocurrency.
This breakout followed the bulls decisively breaking the resistance of the long-term falling wedge, setting $40, a key level that could allow DCR to reach a high of $65.78. The pattern holds on the long-term time frame, but a small cut in profits could send the price down near $40, risking a reversal of profit-taking.
Driving the surge early Tuesday was a staggering increase in trading volume, which soared more than 1,100% to more than $172 million. With privacy coins gaining attention, we could see a glimpse of the keen interest of buyers in this coin.
Zcash and Dash also increase rapidly
Decred’s rise reflects a broader resurgence in the privacy coin sector, with Zcash (ZEC) and Dash (DASH) recently resisting the bear market. In October, both Zcash and Dash rose to major levels, and a surge in ZEC pushed the altcoin to a seven-year high.
Zcash is the frontrunner in this pack, but privacy coins like DASH, Railgun, Horizon, Tornado Cash, and Verge are also seeing significant growth.
Will Decred be priced at $100 next?
The collective rise in privacy coins speaks to a rotation in the market, where assets offering financial anonymity and solid fundamentals are attractive.
In this case, Decred stands out with its hybrid proof-of-work and proof-of-stake models that emphasize decentralized governance and enhanced security.
The project recently highlighted its privacy credentials and focused on a mix of non-custodial peer-to-peer and post-quantum encryption. Users can mix coins while betting on untraceable history and anonymous governance.
Also important is DCR’s finite 21 million coin cap, pointing to a potential supply shock as exchanges like Binance’s holdings continue to decline.
Analyst Captain Favik said DCR prices could rise.
don’t forget $DCR 👀
We are quietly preparing a powerful move, so stay tuned! 🚀#cipher #DCR #DCRUSDT pic.twitter.com/cd5gdWdm2L
— Captain Faibik🐺 (@CryptoFaibik) November 3, 2025
Currently, Decred is trading at $40.24, but still has strong upside potential.
However, the bulls will have to demonstrate firm control by holding the support above $40. This opens the door to further gains, potentially with a target of $70 or more. The bull market reaching $65 means a new rally could move $100.
Conversely, $32 and $25 may become important reload demand zones.