DUSK Price Prediction: Active addresses surge 5 times, weekly increase of 60%, pushing to $0.10.

On November 7, DUSK’s price continued its strong upward momentum, breaking through $0.078, with a total increase of over 60% this week. On-chain data shows that the number of daily active addresses surged from 59 on Monday to 312 on Friday, a fivefold increase reaching the highest level in 20 months, indicating a renewed investor interest.

On-Chain Data Surge: Active Addresses Hit 20-Month High

(Source: Santiment)

Santiment’s daily active address index tracks changes in network activity over time, and this indicator suggests a positive outlook for DUSK. An increase in this metric indicates growing blockchain usage, while a decline in addresses suggests reduced network demand. For DUSK, daily active addresses rose from 59 on Monday to 312 on Friday, reaching the highest level since March 2024.

This fivefold surge demonstrates that market demand for DUSK blockchain applications is rapidly increasing, which is a very positive signal for DUSK’s price forecast. Daily active addresses are one of the core indicators of blockchain health because they directly reflect the number of users actively using the network. When active addresses spike, it means more users are conducting transactions, deploying smart contracts, or participating in DeFi applications. This genuine demand forms a solid foundation for price increases.

More importantly, the 312 active addresses are the highest in 20 months, indicating that DUSK’s network activity has returned to the bull market levels seen in March 2024. That period was characterized by a strong overall crypto market performance. The fact that DUSK can reach this level again suggests that a new upward cycle may be brewing. Historically, when on-chain activity reaches multi-month highs, it often signals that prices will continue to strengthen over the coming weeks.

Santiment data also shows that DUSK’s network growth index soared from 13 on Monday to 95 on Thursday, reaching the highest level since March 2024. This key indicator tracks user adoption and project progress, reflecting the expansion speed of the DUSK ecosystem. Although the index stabilized around 32 on Friday, the high points still highlight an overall optimistic outlook for DUSK.

The explosive growth in the network growth index, coupled with the increase in active addresses, provides dual confirmation. When a large influx of new users occurs alongside active existing users, network effects begin to take hold. Each new user creates more value for existing users, attracting even more new users in a positive feedback loop. This network effect is one of the most important long-term support factors in DUSK’s price prediction.

Strong Support from Derivatives Market: Open Interest Rises 124%

(Source: Coinglass)

From derivatives data, DUSK’s outlook indicates potential further upward movement. CoinGlass data shows that DUSK futures open interest on exchanges increased from $2.77 million on Monday to $6.21 million on Friday, a 124% rise, reaching the highest level since August 18, 2024.

The rise in open interest suggests new capital or additional funds flowing into the market, fueling DUSK’s current rally. Open interest represents the total value of all unsettled futures contracts; an increase can be interpreted in two ways: first, new long positions entering the market, indicating bullish sentiment; second, new short positions, indicating anticipation of a decline. Given DUSK’s weekly gain of over 60%, the dominant interpretation is the former—bullish capital inflows.

While $6.21 million in open interest isn’t enormous in the broader crypto market, for a mid- to small-cap project like DUSK, this is quite significant. The rapid growth from $2.77 million to $6.21 million within a week often coincides with major narratives or fundamental developments. Investors should closely monitor whether DUSK announces significant partnerships, technical upgrades, or ecosystem expansions.

Historically, the last peak in open interest was on August 18, after which DUSK experienced a correction. Reaching this level again, combined with on-chain activity hitting new highs, greatly increases the likelihood of breaking previous highs. Increased derivatives participation also improves liquidity, reducing slippage for large trades and attracting institutional capital.

Technical Analysis: RSI Overbought but Momentum Strong

(Source: TradingView)

DUSK’s price found support near $0.042 on the weekly chart and surged over 50% in three days, closing above the resistance at $0.055 on Thursday. As of Friday, the price continued to rise by 10%, hovering around $0.078. If DUSK continues its upward trend and closes above $0.077—its 61.8% Fibonacci retracement level—the rally could extend toward the key psychological level of $0.10.

$0.077 is a critical Fibonacci retracement level in technical analysis, representing an important support/resistance zone. The 61.8% Fibonacci level, known as the “golden ratio,” is one of the most significant retracement levels. DUSK has already broken above this level; if it can hold above it on the daily close, the breakout will be confirmed, paving the way toward $0.10.

$0.10 is not only a round number but also a psychological barrier for investors. Cryptocurrency markets often react strongly to such levels due to order clustering. The move from $0.078 to $0.10 represents approximately a 28% potential increase, which is feasible given the recent 60% weekly gain and strong momentum.

Key Technical Indicators

RSI at 75: The Relative Strength Index exceeds the overbought threshold of 70, indicating very strong upward momentum but also potential short-term profit-taking pressure.

Bullish MACD Crossover Valid: The Moving Average Convergence Divergence shows a bullish crossover that remains valid, with green bars breaking above the neutral level, indicating ongoing bullish momentum.

Although RSI at 75 indicates overbought conditions, in a strong rally, RSI can remain in overbought territory for extended periods. Historical data shows that when RSI exceeds 70 and MACD remains bullish, prices tend to continue rising until a clear divergence signals a top. Currently, DUSK has not shown such divergence, so the bullish outlook remains.

The persistence of the MACD bullish crossover is crucial. It formed as the price broke above $0.055, and the green histogram bars continue to grow, signaling accelerating bullish momentum. Only if the MACD line starts to turn downward or the histogram shrinks should caution be exercised for a potential trend reversal.

Risk Warning and Support Levels for Pullback

If DUSK faces a correction, the decline could extend to the 100-day moving average around $0.058. This level serves as the first support zone during a short-term pullback and reinforces the previous breakout resistance at $0.055. A break below $0.058 would target the next support at the weekly level of $0.042, which was the starting point of this week’s rally.

Investors should note that after a rapid 60% increase, a healthy and necessary technical correction is expected. A pullback to the $0.058–0.065 range, if supported, could provide a stronger base for the next push toward $0.10. Conversely, a direct surge to $0.10 without a correction might lead to profit-taking and a quick retracement after the breakout.