Dusk (DUSK) Testing Key Resistance — Is an Upside Breakout on Horizon?

CoinsProbe
DUSK-4,35%
ETH-3,19%

Key Takeaways

  • DUSK has gained over 90% in 30 days, outperforming most of the market

  • Price is trading inside a descending broadening wedge on the 4H chart — a bullish reversal pattern

  • Strong bounce occurred from $0.0762 support

  • Current price is pressing against wedge resistance near $0.102

  • A breakout could target $0.1338 (around 20–25% upside)


**DUSK **— the native utility token of Dusk Network, a privacy-first, permissionless Layer-1 blockchain — has quietly been showing impressive relative strength while the broader crypto market struggles.

Over the past 30 days, Ethereum (ETH) has dropped more than 33%, dragging most altcoins lower. In contrast, DUSK has remained firmly bullish, posting over 90% gains during the same period.

Source: Coinmarketcap

More importantly, its chart structure now hints that this move may not be over yet.

Descending Broadening Wedge Pattern in Play

On the 4-hour timeframe, DUSK has been trading inside a descending broadening wedge — a classic bullish reversal pattern that typically forms during corrective phases and often resolves with an upside breakout.

During the recent pullback, price tagged the lower wedge support near $0.0762, where buyers stepped in aggressively. That level marked a clear local bottom.

Dusk (DUSK) 4H Chart /Coinsprobe (Source: Tradingview)

Since then, DUSK has rebounded strongly, climbing back toward $0.1022, placing price just beneath the upper wedge resistance.

Now, momentum is compressing near this trendline — a setup that frequently precedes sharp directional moves.

In simple terms: DUSK is knocking on the door of resistance.

What’s Next for DUSK?

If bulls manage to push price above the upper wedge boundary, it would confirm a bullish breakout and validate the reversal structure.

In that scenario, the chart projects a move toward the $0.1338 region, which aligns with the next visible supply zone. From current levels, that represents roughly 20–25% upside.

A clean breakout backed by volume would also strengthen the broader bullish narrative, suggesting that DUSK could continue outperforming many large-cap altcoins in the short term.

As long as price holds above the recent swing low, momentum remains with buyers.

Key Risk to Watch

On the downside, failure to break resistance — followed by a drop back below $0.091 — would signal weakness and could open the door for a retest of the **$0.081 **support area.

For now, however, DUSK remains structurally constructive, with buyers still in control.


Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.


About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin ETF ends seven consecutive days of gains, Bitcoin price pressure reappears.

Recently, after experiencing a net inflow for seven consecutive trading days, the US Bitcoin spot ETF saw a significant outflow, with a net outflow of $163.5 million on the 18th and an additional outflow of $51.9 million on the 19th, indicating a simultaneous weakening of market funds and prices. The price of Bitcoin briefly dropped below $70,000, highlighting that the fund flows into the ETF can no longer support its rebound, and the deteriorating macro environment is putting pressure on risk assets, leading to a noticeable contraction in investor preferences. The testing of the $70,000 threshold has become a barometer for short-term market sentiment.

区块客33m ago

Bitcoin slides below $68,500 as Trump extends Iran deadline but war risks persist

Bitcoin and the broader crypto market faced declines amid conflicting headlines regarding a ceasefire in Iran. While Bitcoin saw significant institutional investment, volatility continues, with analysts cautioning about an impending market decision.

CoinDesk40m ago

The RWA Yield Infrastructure Trade

What to know: Direct RWA token exposure doesn't work. The economic value from tokenization accrues to curators and issuers, not governance tokenholders - Kamino's 80% deposit growth alongside a 16% token decline is the cleanest proof of this. The leverage problem is the most interesting

CoinDesk54m ago

XRP is under selling pressure during the market-wide correction: What's next?

Ripple (XRP) is increasing selling pressure as it slips below the important threshold of $1.40, trading around $1.37 at the time of recording on Friday. This development extends the correction since the weekly peak of $1.61 established on March 17, reflecting a clear weakening trend. At the same time, XRP also cannot hold its position.

TapChiBitcoin54m ago
Comment
0/400
No comments