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

DUSK4,68%
ETH-3,74%

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

PEPE Price Ready to Rebound: These Critical Levels Decide the Next Move

PEPE has shown signs of exhaustion while testing a key support level around $0.0000030. Traders are watching closely as its potential recovery relies on maintaining this support and reaching resistance at $0.0000050 to confirm a bullish turnaround.

CaptainAltcoin24m ago

SOMI Price Trades Inside $0.13–$0.18 Reversal Zone Amid Short-Term Pressure

SOMI was trading around $0.1717 with a price of slightly above the $0.1713 support at the end of a price fall by 3.5%. SOMI is confined in a short-term range since price was still held down below the $0.1831 resistance. The asset still traded within the larger $0.13-$0.18 reversal band, i

CryptoNewsLand28m ago

Dogecoin Holds $0.095 Support as 4-Hour Bull Flag Targets $0.120

According to the 4-hour chart, Dogecoin is trading at around $0.0976 and it is above the support level of $0.0951 in a given bull flag pattern. The immediate resistance is currently at $0.09917 and the $0.120 point corresponds to the resistance of a previous consolidation zone. Price

CryptoNewsLand1h ago

BNKR Appreciates 287.1%, and 518.7% Over the Past Month and Year, Analyst Explains the Wave and G...

BankrCoin (BNKR) defies the crypto market downturn with remarkable price surges, driven by its AI-powered DeFi trading platform. Analysts predict significant gains and strong bullish sentiment, highlighting BNKR's potential for further growth amidst broader market challenges.

BlockChainReporter1h ago

Here’s What $1,000 Invested in Bitcoin 3 Years Ago Is Worth Today

Bitcoin has gone through several boom-and-bust cycles since its creation, but long-term investors have often been rewarded for holding through periods of volatility. Even in more recent years, Bitcoin has continued to prove why it remains the dominant cryptocurrency in the market. So what would hav

BlockChainReporter3h ago

Michael Saylor: Bitcoin's long-term returns may outperform the S&P by 2–3 times, with volatility providing opportunities to add positions

Odaily Planet Daily reports that according to market sources: Strategy founder Michael Saylor stated in a recent interview that despite short-term price pressures, Bitcoin's returns over the next 4–8 years are expected to reach 2–3 times that of the S&P 500. He pointed out that current volatility provides an opportunity for strategic accumulation, and MicroStrategy will continue to accumulate Bitcoin assets as planned.

GateNewsBot4h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)