DUSK performed remarkably today, with a rise of 32.56%, and the current price stands at 0.08671 USDT. Trading volume also increased to 71.64 million USDT, and the open interest grew to 63.17 million USDT. This simultaneous rise in price, volume, and open interest indicates that new funds are continuously entering the market, rather than just short sellers covering.

**How to view support and resistance?**

The key support level below is around 0.07850, which is the upper boundary of the previous dense trading area. If the price retraces to this level and trading volume diminishes, it can be considered a buying opportunity on the left side. Looking upward, the immediate resistance is at 0.09500 — the high point from Q1 2024. Whether a volume breakout can surpass this level is crucial; a breakout could lead to the next target at 0.10800.

**What to do from a trading perspective?**

Consider entering in batches between 0.07850 and 0.08200, with a stop-loss placed below 0.07500. If the price breaks above 0.09500 and stabilizes, then a pullback without breaking support could be an opportunity to add positions. That said, with such high volatility currently, position management must be especially cautious.

**What exactly is DUSK?**

DUSK is essentially a privacy-focused public chain for financial applications, with a moat built on combining zero-knowledge proofs and permission mechanisms to provide privacy solutions for compliant DeFi. Simply put, it’s like creating a private space on a transparent blockchain ledger for regulated transactions.

**The reality of token economics**

The total circulating supply is 1 billion tokens, with approximately 500 million currently in circulation, representing a 50% circulation rate. The issue is that about 125 million tokens are unlocked each year, which means ongoing inflation pressure. Token utility includes network transaction fees, node staking, and governance voting.

**Reflecting on deeper issues**

From first principles, the core contradiction in DUSK lies in the inherent tension between "compliance" and "privacy" — these two goals are difficult to fully reconcile. The market for institutional adoption is growing slowly, and competition is fierce; privacy coins like Monero and Zcash are already mature, and new Layer 2 solutions like Aztec are also eyeing the space. Therefore, the current hype is likely just short-term capital rotation and does not indicate a fundamental breakthrough. The market’s future direction remains to be seen.