DUSK Technical Analysis: Prices Rally 45% and outperform BTC
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Past Performance of Dusk Network
As the crypto market recalibrates, forcing asset valuation lower, the Dusk Network token is soaring and massively outperforming the USDT, BTC, and ETH. The DUSK crypto is up 45 percent on the last trading day versus the USDT. Meanwhile, it is up roughly 72 percent against BTC and ETH in the same period.
Dusk Network Technical Analysis
From the daily chart, there is a double bar reversal pattern reversing losses. The bullish bar of June 13 has high trading volumes and is engulfing. Notably, the explosion of prices from local support flashing with May 2022 lows is a welcomed development. The coin's rices are at a two-week high, above the middle BB, and around June 2022 highs. At spot rates, traders can buy the dip with safety nets at the middle BB at around $0.13. Deeper losses below this mark may reverse gains as the coin snaps back to the primary bear trend. On a more positive outlook, confirmation may trigger the next leg up that may lift the token soar to February 2022 lows at $0.18.
What to Expect from DUSK?
DUSK crypto is outperforming the USDT and BTC. The path of least resistance is northwards, a refreshing relief for traders. From the daily chart, prices could edge higher in the days ahead, provided the middle BB holds as primary support.