In this DUSK Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for DUSK-USDT. DUSK Network is a decentralized platform that enables the creation and execution of trustless and permissionless financial applications. It utilizes a novel consensus algorithm called “Proof of Authority” to ensure fast and secure transactions. With DUSK, users can access a wide range of financial services, such as lending, borrowing, and trading, all within a decentralized ecosystem.
DUSK Network Price Overview:
As of July 06, 2024, DUSK Network is trading at approximately 0.2305 USDT. Let’s dive into the detailed price action for DUSK-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2263 |
| High (H) | 0.2333 |
| Low (L) | 0.2244 |
| Close (C) | 0.2305 |
| Volume (C) | 4,020,190.00 |
- Open (O): The opening price for today’s trading session was approximately 0.2263 USDT.
- High (H): DUSK Network reached a daily high of around 0.2333 USDT.
- Low (L): The daily low for DUSK-USDT was approximately 0.2244 USDT.
- Close (C): At the time of analysis, DUSK Network is trading near its daily close of 0.2305 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.86% |
| 3D Change (%) | -11.85% |
| 7D Change (%) | -17.83% |
| 30D Change (%) | -46.62% |
| 90D Change (%) | -54.18% |
| YTD Change (%) | 23.39% |
Over the past three days, DUSKUSDT has declined by approximately -11.85%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -17.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DUSKUSDT maintaining a downward trend of approximately -46.62%, despite intermittent fluctuations. Examining the last 90 days, DUSKUSDT has witnessed substantial fall of approximately -54.18%, reflecting strong long-term confidence. Year-to-date, DUSKUSDT has steadily appreciated by around 23.39%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
DUSK Network Live Chart:
You can access a live price chart for DUSK-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.72105.
- Momentum score is -0.32779.
DUSK USDT Technical Analysis
DUSK Network Trading Volume:
The trading volume for DUSK Network (DUSK) over the past 24 hours has been insignificant, with approximately 4,020,190.00 USDT traded against DUSK. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): DUSK is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): DUSK Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DUSK-USDT is currently in the low zone, around 38.33346. This suggests that DUSK Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
DUSK Network (DUSK-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
DUSK Network (DUSKUSDT) faces challenges, trading at 2.31e-01 USDT, as technical analysis signals weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.