- Railgun jumps above $3.20 as it rides on the privacy conversation.
- With Dash, Monero, and Zcash soaring, RAIL bulls could be eyeing new all-time highs.
- The technical outlook is mixed, and profit-taking could frustrate buyers.
Railgun (RAIL) price surged more than 45% in 24 hours, breaking above $3.20 as top privacy coins soar, Dash climbs vertically, and Monero tops $700. Zcash also skyrocketed, as did Pirate Chain, Decred, Oasis, and Verge.
The rise in prices of these coins comes despite the negative news of Dubai’s ban on privacy coins, indicating a resurgence in the sector. Investors looking to rotate to higher-performing altcoins believe censorship-resistant tokens are worth the bet.
Notably, Bitcoin and Ethereum stock prices have slumped over the past two days as macroeconomic and geopolitical tensions, including developments in the Iranian political situation, have depressed global risk assets.
RAIL rises 45% to over $3.20
Privacy coins are back in the spotlight as Bitcoin, Ethereum, and other top altcoins consolidate. Tokens native to several privacy-focused protocols have exploded in the past 24 hours, with Dash outpacing the space.
Railgun is another rising zero-knowledge protocol designed to support private transactions for decentralized finance.
The protocol was previously backed by Ethereum founder Vitalik Buterin, and its offering is important for DeFi.
The exchange may freeze your account. RAILGUN will never freeze your account.
— RAILGUN – Private Ethereum DeFi (@RAILGUN_Project) January 8, 2026
The RAIL token is up over 45% at the time of writing, reaching a high of $3.20 amid a 176% spike in trading volume. Bulls increased daily volume to over $3.75 million as the price surged to an intraday high, according to CoinMarketCap.
Could RAIL prices reach new all-time highs?
The technical situation of the token points to the possibility of continued upside.
The outlook for major indexes is mixed, but bulls have taken control with the rally to $3.20.
This is the outlook on the 4-hour chart, with relative strength indicators in overbought territory suggesting potential for profit-taking. The bears showed this as the price reached new highs on some exchanges before pulling back to lows just above $3.00.
However, RAIL also has moving average convergence-divergence, which enhances the histogram. The MACD recently showed a bullish crossover.
For buyers, a breakout above $2.27 and $2.91 will be key.
As mentioned above, the price could still fall back, but if it continues, it could lead to a new rally above $4.00. A close above this level would fuel the bulls, with a primary target of $5.50 and the all-time high of $8.37 set in November 2021.
On the contrary, major support will be around $2.25 and $1.90.
