This week, DUSK's price movement is indeed quite eye-catching. From the price perspective, the increase once exceeded 60%, successfully reaching the psychological threshold of $0.1, and is currently barely holding there.



However, solely focusing on the ups and downs of the candlestick chart only provides a surface-level thrill. The truly interesting things are hidden in on-chain data.

Active addresses have surged to nearly a one-year high, and various network growth indicators have also risen significantly—what does this mean? It indicates that new users and new capital are continuously entering the market. This is not a bubble inflated by a few big V influencers shouting out, but solid capital support.

Open interest in the futures market has also risen, and market enthusiasm and participation are visibly increasing.

From technical indicators, the daily RSI has already broken through the 75 level, indicating strong bullish momentum, but it also clearly enters overbought territory. The MACD still shows an upward trend, and the short-term momentum remains sufficient. If the price continues to surge, the $0.15 level should be the next psychological threshold.

But after such a rapid rise, increased volatility and pullback pressure are inevitable. The daily moving average around $0.08 is worth paying attention to, as it could serve as a support level.

Currently, market sentiment is clearly optimistic, but it must be said—trading cautiously when chasing highs in this kind of market is essential, as risks and opportunities always come hand in hand.
DUSK5,73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
FundingMartyrvip
· 01-19 19:16
This surge to 0.1 is indeed fierce, but on-chain data is the real deal, not just empty hype. DUSK feels like it has some potential this time; RSI is already at 75 and still rising. Be cautious and know when to pull back. I'm watching the 0.08 support line closely. If there's a genuine correction, there might be an opportunity. It's another case of chasing highs and selling lows. I advise everyone to be cautious. On-chain active addresses hit a yearly high, and this time it's different—funds are really coming in. However, with such extreme overbought conditions, a flash crash could happen at any moment. Please watch out for yourselves. If 0.15 is broken, then I might believe it. But it's easy to say now. In this kind of market, buying on dips is the way to go, not chasing the rally. It feels like the market is about to play some emotional games again. Stay alert for a wave.
View OriginalReply0
AirdropHarvestervip
· 01-18 10:02
0.1 Just got stabilized and already dare to boast? On-chain data looks good, but RSI is already at 75 and you're still chasing the high. Aren't you just asking for trouble?
View OriginalReply0
gas_fee_traumavip
· 01-17 10:59
Well, RSI is already overbought. Chasing the high is just waiting to be dumped.
View OriginalReply0
GovernancePretendervip
· 01-17 10:54
Once you stabilize at 0.1, it's time to take profits. Those who chase after obvious overbought conditions are just here to give away money.
View OriginalReply0
ApeWithNoFearvip
· 01-17 10:53
The market is so hot, on-chain data really doesn't lie, but if 0.1 can't hold steady here, it could drop back to 0.08 in one go, which is a bit risky. Friends chasing the high really need to believe in that support level; don't get eaten up by FOMO. RSI is already so high, still want to push higher? Next correction might be pretty uncomfortable. If 0.15 really breaks, then that will be the real story. For now, it's too early to say. With so many open contracts, I'm just worried that one big surge could come at any time. Better to be cautious.
View OriginalReply0
0xTherapistvip
· 01-17 10:52
0.1 USD level is enough to hold, I’m just waiting for it to drop to 0.15 before I get in. There are too many bloody lessons from overbought situations. DUSK on-chain data is indeed good, but RSI75 should have sounded the alarm long ago. This rapid rise... is it a harvest countdown? At 0.08, everyone is itching to go, whoever chases higher first will eat the loss first. The joy of chasing higher can only last three days, but the pain of a pullback takes two weeks to digest. Active addresses are increasing sharply, but comparing it to futures OI... oh dear, be careful of flying knives, everyone. Big influencers shouting about bubbles vs real funds... this time it looks serious, but it could also be a more sophisticated trap. The MACD going up is just an appearance; the key is how much leverage is supporting it. Once the stop-loss triggers... Double the joy, double the pain. Between 0.1 and 0.15, I won’t do anything, just waiting to watch the show.
View OriginalReply0
  • Pin