I am an experienced trader who keeps a close eye on the market. Today, let's talk about the recent price performance of DUSK.
From a technical perspective, DUSK's bullish advantage is quite evident. The weekly chart has already shown consecutive large bullish candles, with the price not only breaking out of a ten-month consolidation range but also turning the key resistance level of $0.17 into support. This structural breakout is a signal for technical analysts, indicating that the upward trend has been established. More importantly, trading volume is perfectly aligned—on-chain trading activity and exchange open interest in futures have recently hit all-time highs. This is not small retail trading; it reflects real capital entering the market.
The issue now is that the price is oscillating above $0.20, and on the four-hour chart, an interesting pattern has emerged—a descending flag consolidation. This type of continuation pattern is usually a short-term correction after a sharp rise, often continuing the original trend. However, there's a detail worth noting: trading volume is shrinking, indicating that the bullish momentum is waning and the upward push is somewhat exhausted.
In the short term, a key support level is around $0.21. This is both a psychological barrier for bulls and a short-term cost concentration zone. If this level is broken, it could trigger a chain reaction on the technical front. Monitoring the price action at this level can help us assess whether the strength of the bulls is truly weakening.
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MerkleMaid
· 6h ago
If the $0.21 barrier is truly broken, we will have to consider exiting.
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FloorPriceWatcher
· 6h ago
0.21 that level is indeed interesting, but the shrinking trading volume makes me a bit uncertain.
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HallucinationGrower
· 6h ago
0.21 can't be broken, so be careful. The shrinking volume feels like there will be more fluctuations ahead.
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LiquidationWatcher
· 6h ago
volume's drying up at 0.21... been there, lost that. watch your health factor fr fr, margin calls don't text before they come 💀
Reply0
ColdWalletGuardian
· 6h ago
0.21 whether that key level breaks or not is very important. Right now, the trading volume is indeed a bit fake.
I am an experienced trader who keeps a close eye on the market. Today, let's talk about the recent price performance of DUSK.
From a technical perspective, DUSK's bullish advantage is quite evident. The weekly chart has already shown consecutive large bullish candles, with the price not only breaking out of a ten-month consolidation range but also turning the key resistance level of $0.17 into support. This structural breakout is a signal for technical analysts, indicating that the upward trend has been established. More importantly, trading volume is perfectly aligned—on-chain trading activity and exchange open interest in futures have recently hit all-time highs. This is not small retail trading; it reflects real capital entering the market.
The issue now is that the price is oscillating above $0.20, and on the four-hour chart, an interesting pattern has emerged—a descending flag consolidation. This type of continuation pattern is usually a short-term correction after a sharp rise, often continuing the original trend. However, there's a detail worth noting: trading volume is shrinking, indicating that the bullish momentum is waning and the upward push is somewhat exhausted.
In the short term, a key support level is around $0.21. This is both a psychological barrier for bulls and a short-term cost concentration zone. If this level is broken, it could trigger a chain reaction on the technical front. Monitoring the price action at this level can help us assess whether the strength of the bulls is truly weakening.