DUSK Technical Analysis: Range Breakout Eyes The $0.20 Mark

DUSK price action shows a bullish reversal in a consolidation range ready to surpass the DMAs and the overhead resistance at $0.15. Key technical points: The market price has increased 15.54% over the past 24 hours. The price action shows a bull cycle ready to outgrow the sideways trend. The 24-hour trading volume of Dusk Network is $13.57 Million, indicating a hike of 84%. Past Performance of DUSK DUSK prices have been steadily moving sideways in the daily chart between the $0.10 and $0.15 leading to a consolidation range. The consolidation range starts after a 75% downfall in April and early May, which means the consolidation has kept the price trend trapped for a month. Source- Tradingview DUSK Technical Analysis DUSK price action shows a bullish engulfing candlestick growing from the $0.10 mark, accounting for a 15% jump. Moreover, the double bottom pattern forming at $0.10 teases a bullish range breakout. The bullish engulfing candlestick breaks above the 10 and 20-DMA but faces opposition from the 50-DMA. Buyers must surpass the 50-DMA as it is a critical resistance close to the overhead resistance of $0.15. The RSI slope shows a gradual increase as it approaches the halfway line with the support of the 14-day SMA line. Moreover, the bullish divergence in the double bottom pattern adds points to the bullish reversal idea. The MACD and signal lines maintain a bullish alignment and avoid a bearish divergence after the rece...