- Decred price jumped to highs of $65 before paring gains to a key support level.
- Gains came as privacy coins Zcash and Dash also spiked to the defy broader market dump.
- DCR could target $100 next after hitting the four-year highs.
As top coins slip to or below key levels, Decred (DCR) and a few others have bucked the trend with notable spikes.
The widespread cryptocurrency market slump has seen Bitcoin, Ethereum, and XRP fall sharply, yet Decred is soaring to heights not witnessed since 2021. All this comes as Zcash and Dash stand out amid the ongoing resurgence of privacy-focused assets.
Decred jumps to 4-year high of $65
Decred’s price exploded more than 150% in 24 hours to touch a four-year peak above $65, with this coming amid a broader crypto downturn.
The breakout follows bulls decisively breaching the resistance of a long-term falling wedge, with $40 a key level that allowed DCR to hit highs of $65.78. While the pattern remains in place on the longer term time frame, a little paring of gains has Decred price near $40 and risking profit taking flip.
What fueled the early Tuesday surge was a staggering increase in trading volume, which skyrocketed over 1,100% to over $172 million. It offered a glimpse of the sharp buyer interest in the coin as privacy coins see traction.
Zcash, Dash also surge
Decred’s gains mirrored a broader revival in the privacy coin sector, where Zcash (ZEC) and Dash (DASH) have recently defied bears. In October, Zcash and Dash both rose to key levels, the ZEC spike seeing the altcoin hit 7-year highs.
While Zcash has been the frontrunner in this pack, privacy coins such as DASH, Railgun, Horizon, Tornado Cash, and Verge have notched gains.
Can Decred price go to $100 next?
What privacy coins’ collective rally speaks to is a market rotation, with assets offering financial anonymity and robust fundamentals attractive.
In this case, Decred stands out for its hybrid proof-of-work and proof-of-stake model, which emphasizes decentralized governance and enhanced security.
The project recently highlighted its privacy credentials, noting non-custodial peer-to-peer mixing with post-quantum encryption. Users can mix coins while staking for untraceable histories and anonymous governance.
Also key is DCR’s finite 21 million coin cap, pointing to a potential supply shock as holdings on exchanges like Binance continue to decline.
Analyst Captain Faibik pointed to a potential spike in DCR price.
Don’t forget about $DCR 👀
It’s quietly setting up for a Strong move so keep it on your radar! 🚀#Crypto #DCR #DCRUSDT pic.twitter.com/cd5gdWdm2L
— Captain Faibik 🐺 (@CryptoFaibik) November 3, 2025
While currently trading at $40.24, Decred still has potential for strong upward momentum.
However, bulls have to show they are firmly in control by maintaining support above the $40 level. This could pave the way for further gains, potentially targeting $70 or beyond. Bulls hitting $65 means a fresh rally could bring $100 into play.
On the flipside, $32 and $25 could be key demand reload zones.