- •DUSK shatters a major descending trendline with high volume, confirming bullish momentum shift.
- •Measured move projection suggests a potential rally to $0.16, up 127% from the breakout.
- •Current price action supported by strong fundamentals, limited supply, and institutional partnerships.
DUSK just flipped the script with a powerful breakout, soaring 19% and snapping a year-long downtrend. With strong volume and bullish momentum building, traders are now eyeing a massive upside run toward $0.16.
Technical Breakout Signals Trend Shift
The DUSK/USDT pair on the daily timeframe has officially broken free from a persistent descending trendline that has held since late 2024. This trendline consistently rejected price action, creating lower highs and lower lows in a textbook downtrend. That changed this week, when DUSK surged +19% in a single day, backed by a spike in trading volume — a classic sign of breakout confirmation.
Source Zayk Charts
The breakout has propelled DUSK above a crucial resistance level at $0.06625. With price now trading at $0.0825, the token has cleared the last major consolidation range. Technical analysis points to a potential move toward $0.16, based on the measured move of a descending wedge pattern — a 127% upside from the $0.07 breakout level.
A healthy retest of the breakout zone between $0.066 and $0.072 could offer a strong re-entry for traders, as it may flip former resistance into support.
Tokenomics and Institutional Backing Add Fuel
Beyond the charts, DUSK's fundamentals reinforce the bullish setup. With a fixed supply of 500 million tokens — nearly all in circulation — there is no dilution risk. Its current market cap of $36.25 million makes it a micro‑cap with room to grow. If DUSK reaches just $0.50, its market cap would still be under $250 million — modest compared to peers.
The project positions itself as Europe’s leading RWA (Real‑World Assets) blockchain, operating under MiCA‑compliant standards. It leverages privacy‑focused ZK technology and has ongoing integrations with institutions like Quantoz (EURQ) and NPEX — a signal of rising institutional interest.
DUSK is also actively traded on major exchanges including Binance, KuCoin, and HTX, ensuring liquidity for both spot and futures traders.
Futures Metrics Confirm Bullish Conviction
Open interest in DUSK surged from 995 million to 1.163 billion, indicating increased trader conviction. Funding rates remain neutral to slightly positive, hinting at a balanced yet upward‑leaning sentiment.
Volume profile data from Binance shows a high accumulation zone just below the breakout level, which is now acting as support. The surge in trading volume on October 5 also adds legitimacy to the breakout.
Analysts are watching the $0.087 and $0.095 levels as short‑term targets.