Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Is Dusk (DUSK) Poised for a Breakout? This Key Pattern Formation Suggests So!

Is Dusk (DUSK) Poised for a Breakout? This Key Pattern Formation Suggests So!

CoinsProbeCoinsProbe2025/11/04 22:06
By:Nilesh Hembade

Date: Tue, Nov 04, 2025 | 08:45 AM GMT

The cryptocurrency market continues to experience heightened volatility as both Bitcoin (BTC) and Ethereum (ETH) saw sharp declines — with ETH dropping nearly 5% in the last 24 hours. Despite this pressure on major altcoins, privacy-focused tokens are showing surprising resilience, and one of them — Dusk (DUSK) — is starting to stand out with a notable surge.

The $DUSK token, the native asset of the Dusk Network — a privacy-centric Layer-1 blockchain — has jumped by 21% today. While that price action alone is impressive, what’s attention is the technical pattern formation on its chart, suggesting a potential bullish breakout could be on the horizon.

Is Dusk (DUSK) Poised for a Breakout? This Key Pattern Formation Suggests So! image 0 Source: Coinmarketcap

Broadening Wedge Pattern in Play

On the 4-hour chart, DUSK is forming a broadening wedge pattern — a structure typically marked by increasing volatility where both highs and lows expand over time. This pattern often precedes a strong move once price breaks above or below the wedge boundaries.

During its recent correction phase, DUSK successfully tested the lower wedge support near $0.0395, where strong buying pressure emerged. The token then rebounded sharply, moving up to around $0.0526, hovering just below the wedge’s upper resistance trendline.

Is Dusk (DUSK) Poised for a Breakout? This Key Pattern Formation Suggests So! image 1 Dusk (DUSK) 4H Chart/Coinsprobe (Source: Tradingview)

Adding to the bullish narrative, DUSK has reclaimed its 100-period moving average (MA) around $0.0469, now acting as immediate support. Sustaining above this level indicates improving short-term momentum and growing buyer confidence.

What’s Next for DUSK?

If bulls manage to push and close above the upper wedge resistance, DUSK could confirm a breakout, setting the stage for a potential rally toward $0.0725 — a projected upside of nearly 37% from current levels.

However, failure to break above resistance could keep the token range-bound within the wedge for a while longer. In that scenario, $0.0469 remains the key short-term support level to watch. A drop below it might invalidate the bullish setup and trigger a retest of lower support zones.

For now, the technical setup looks constructive, and with market sentiment gradually shifting toward privacy-based projects, DUSK could soon be among the altcoins preparing for a strong upside move in the coming sessions.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Is the 70% growth target still conservative? NVIDIA investor meeting "reveals all": Business scale may double by FY28 if not restricted by supply!

At a recent investor conference, Nvidia’s management stated that the 70% growth target for FY28 is not the upper limit; if supply is unrestricted, growth could exceed 100%. Currently, the core issue has shifted from demand to supply, with advanced wafers and HBM being the primary bottlenecks. In response to market concerns regarding "cycle financing," management explained that the scale and cap of related arrangements are controlled, and the basis remains actual end demand and the creditworthiness of purchasers, rather than an unconstrained flow of funds.

华尔街见闻2026/09/02 10:41