If you’ve been staring at the @Dusk chart today, you know the feeling. After that massive 500%+ run earlier in January that saw us touch $0.30, the correction has been... well, painful. We’re currently hovering around the $0.11 mark, and the main question in every Telegram group is: Are we going lower, or is the bottom finally in?
📉 Why the "Crush" Happened
Let’s be real a pullback was inevitable. The daily RSI hit an extreme 91 during the peak, which is basically the market screaming "take profits!" Combine that with the general macro chop from the U.S. shutdown fears, and you get a perfect storm for a "flush out."
🔍 The Case for a Bounce
Despite the red candles, the technicals are starting to show some "exhaustion" from the bears:
Fibonacci Support: We are currently sitting right on the 78.6% retracement level ($0.104 - $0.11). Historically, this is where "Wave 4" corrections find their floor before a new impulse.
The "Boring" Bullish News: While the price dropped, the fundamentals didn't. The DuskEVM Mainnet launch is still on track for Q1, and the NPEX securities onboarding (over €300M in RWAs) is the real deal, not just hype.
RSI Reset: The 1-hour and 4-hour RSIs are finally out of the danger zone and showing a bullish divergence. This usually happens right before a trend reversal.
My Game Plan
I’m personally watching the $0.10 level like a hawk. If we hold that on a daily close, the "accumulation phase" has likely begun. A reclaim of $0.13 would be the first real signal that the bulls are back in the driver's seat.
Dusk has been building for six years it doesn't just "die" after one correction. This feels more like the market shaking off the "weak hands" before the next leg of the 2026 RWA narrative takes off.
What do you think? Are you catching the falling knife or waiting for $0.08? Let’s discuss below! 👇
Disclaimer: Not financial advice. Crypto is a roller coaster always DYOR and manage your risk!
