DUSK's performance these past couple of days has been quite interesting. It hovered around 0.09 in the early session, then suddenly surged to 0.129, and now it’s pulling back to around 0.111 with repeated fluctuations. This rhythm clearly indicates that short-term funds are engaged in a frantic tug-of-war, but looking at on-chain data reveals that large holder addresses are actually holding steady. Most of the chasing and dumping are being done by retail investors.

The 0.10 level is now particularly critical. It has been protected several times during previous dips and has become a psychological defensive line for the market. As long as this level isn’t effectively broken, the integrity of this upward move can still be maintained. Looking at the candlestick charts, all moving averages are turning upward, and although the MACD has pulled back somewhat, the overall pattern remains healthy, indicating a normal rally and accumulation phase.

The privacy coin sector has indeed heated up recently. The stronger the regulatory signals, the more stories of compliant privacy coins tend to attract institutional funds. The progress with DUSK and a well-known partner isn’t just talk; there are tangible developments underway, providing many large investors with reasons to enter.

My own approach is this: if the 0.10 level can hold, I’ll continue to be bullish; if it falls below 0.09, then the structure of this rebound will be questionable, and it won’t be too late to adjust positions at that point.