- DUSK coin price has returned more than 90% of its value as per the year-to-date.
- The 50-day EMA has made a bullish crossover with the 200-day EMA.
Dusk (DUSK) is a layer-1 blockchain designed to provide institutional level, privacy, and compliance in their wallet. It aims to evolve the financial landscape by making it possible for the assets to be brought on the chain for regulated and decentralized finance. Dusk uses cryptographically secure zero-knowledge proofs (ZKPs) to maintain privacy.
Previous Price Actions of the DUSK Coin
The DUSK coin price has given a breakout at $0.1257 from a trendline that lasted from February to June 2023. The price then retested the trendline forming below at $0.1035 and moved to $0.1508 resistance creating positive signs for the buyers.
However, the DUSK coin price fell below the retested level at $0.0909 which resulted in a consolidation phase between the $0.1508 and $0.0909 levels. The price started a bullish move from $0.0909 support and did some minor below the $0.1257 key level.
As a result, it broke above that level at the end of October 2023 and surged over 50% to the $0.1896 resistance level. The trendline breakout level of $0.1257 and the $0.1508 resistance level can play a crucial part in preventing the DUSK token price from falling.
DUSK coin’s all-time high value is $1.17, but its current value is way below that level at $0.1599. Its value is 86.4% less than the all-time high price. The coin’s price currently stands 1333.2% above its all-time low price.
Technical Analysis of the DUSK Coin
The DUSK coin price is performing above the 50-day and the 200-day EMAs, reflecting a positive trend. Recently, both the EMAs had a bullish crossover with each other at $0.1275 can lead to a strong uptrend.
On the other side, the DUSK coin price overcame the consolidation phase between the $0.1508 and $0.0909 levels. It gave a breakout of $0.1508 upper range by a huge bullish candle reflecting the buying potential at that level.
At present, the price is trading at $0.1594 after facing resistance from the $0.1896 level. It is making a bullish correction at the $0.1508 breakout level, which can lead the DUSK coin price to a new swing high above $0.1896 resistance.
In addition, the relative strength index (RSI) is sloping at 58.78 from the overbought area above the 70-mark upper band. It is showing an internal bearish divergence that makes the buyers cautious about the current trading session.
Conclusion
The DUSK coin price has given a breakout of the upper consolidation level. Subsequently, the 50-day and the 200-day EMAs also had a bullish crossover, indicating a positive trend at the current trading phase. The DUSK token price is making a bullish correction at the $0.1508 breakout level. That can lead the DUSK coin price to a new swing high above $0.1896 resistance.
Technical Levels
- Resistance levels: $0.1896 and $0.2118
- Support levels: $0.1257 and $0.1035
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto assets comes with the risk of financial loss.