Dash (DSH) has seen a notable climb of 4.9% this week, reaching $39.16. The token appears poised to challenge the resistance at $40.00, although the potential for further gains remains uncertain.

In March, Dash experienced a robust 37% surge to $44.23, marking its highest level since May 30, 2023. However, it faced resistance and retraced to $35.00 in mid-March before embarking on its current recovery to 10-month highs.

There are no significant internal developments to drive the token's price higher. Therefore, any continuation of the rally above $40.00 will likely depend on broader market dynamics, particularly the performance of Bitcoin (BTC). Should Bitcoin establish itself above $70,000 per coin, Dash may find further upside momentum toward the $45.00 level.