Dusk Network Price Analysis: DUSK Price Hints Another Pullback Opportunity For Crypto Investors
The Dusk Network token had an incredible rally from early December, which marked ATH of $1.5. The pair faced intense selling from the new resistance, starting a minor correction phase. So far, the token has lost nearly 12% from the top and now retest the 0.236 FIB support for continuing its uptrend.
Key technical points to ponder
- The DUSK token faces strong resistance from 50-day EMA support
- The intraday trading volume in the Dusk Network token is $140.3 Million, indicating a 0.84% loss.
Source-Tradingview
As mentioned in my previous article on Dusk Network, the token price gave a decisive breakout from the $0.41 neckline of a cup and handle pattern of the daily time frame chart. The token spent three days in a retest, and later a 30% bullish follow-up candle confirms this breakout.
Since then, the rally continued, and the chart shows new higher highs and higher lows in the daily time frame chart. Today, the pair made a New All-Time High of $0.951, indicating a total gain of 130% from the breakout point.
The DUSK price is trading high above the fast 20 MEA line, projecting a strong bullish trend. The crypto traders can expect good support from the bottom EMA levels in case of occasional pullbacks.
Despite being in the bullish zone, the Relative Strength Index(66) line shows a bearish divergence in its chart.
DUSK token 4-hour Time Frame Chart
Source-Tradingview
After rejecting from the new resistance level of $49.5 level, the token price entered another correction phase. The DUSK price is trading at $0.798, with an intraday loss of 10%. The pair is currently trying to sustain above the 0.236 Fibonacci retracement level.
The important levels for the token on the upside are at $l80, followed by the $1.71. And, on the lower side, the support levels are at $1.5 and $1.38.
- Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal
- FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces
- North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps
- Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana
- BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
