DASH made notable headway this market cycle, climbing 10.93% over the past 24 hours while the broader market managed only 1.35% growth. The outperformance caught traders' attention for good reason.

Two factors seem to be fueling this rally. First, Alchemy Pay's integration unlocks fiat on-ramp access across 173 countries, essentially removing friction for global capital inflows into the ecosystem. Second, market mechanics played their part—roughly $24 million in short positions got liquidated, creating forced buying pressure that accelerated the move upward.

When adoption infrastructure improves alongside technical triggers like short squeezes, you typically see these kinds of breakouts. Whether this holds depends on whether the new on-ramp utility sustains demand beyond the initial hype cycle.