DUSK surges thanks to on-chain capital flow and active derivatives trading

Tuesday, the DUSK (DUSK) price continued to stay above $0.20, after recording an impressive increase of over 31% on Monday. This privacy-focused cryptocurrency surged more than 1.75 times just last week, as open interest (OI) and trading volume hit a historic high. This momentum was further reinforced when DUSK announced a partnership with Chainlink (LINK) on Monday, opening cross-chain interaction possibilities for tokenized real-world assets, while also confirming the increasing long-term application potential of this coin.

Derivatives and on-chain data for DUSK show an upward trend

According to CoinGlass data, the open interest (OI) in futures contracts reached a record high of $47.94 million on Monday, before stabilizing around $41.38 million on Tuesday. Specifically, on Binance, OI hit $20.54 million — the highest since February 2023. This sharp increase in OI reflects new capital flowing into the market, along with increased buying pressure, fueling DUSK’s current upward momentum.

Open contract volume of DUSK across all exchanges | Source: Coinglass Open interest volume chart (OI) of DUSK futures on Binance | Source: Coinglass

Not only OI, but data from Santiment also shows that trading volume across the entire DUSK ecosystem — aggregated from all on-chain applications — reached a record $298.43 million on Monday and remained around $264.16 million on Tuesday. This trading volume explosion demonstrates high interest and liquidity from traders, reinforcing strong bullish prospects for DUSK.

DUSK trading volume chart | Source: Santiment## DUSK partners with Chainlink to bring managed assets onto the chain

On Monday, DUSK announced a strategic partnership with Chainlink to integrate key standards into DuskEVM. This collaboration opens up cross-chain interaction for tokenized real-world assets and provides real-time data with high reliability, supporting compliant financial applications, guaranteed by NPEX — a fully regulated Dutch stock exchange.

These advancements not only demonstrate DUSK’s growing commitment to asset tokenization, but also strengthen its infrastructure, enhance long-term utility, and send positive signals for the value of the DUSK token.

DUSK price forecast: Bulls aim for $0.33

On the weekly timeframe, DUSK made an impressive breakout, nearly tripling in price since late December, followed by four consecutive weeks of green candles. This week, the upward momentum continues as DUSK surged nearly 30%, breaking through a key resistance at $0.17.

If this bullish trend persists and DUSK maintains above $0.17, the price is likely to extend its rally toward the December high at $0.33. The buying momentum is very strong, with the weekly RSI reaching 79, indicating overbought conditions, while the MACD also signals positive momentum with blue histogram bars emphasizing the strength of the uptrend.

Weekly DUSK/USDT chart | Source: TradingView On the daily timeframe, DUSK broke a 10-month sideways channel last Saturday, then increased over 79% in just two days, trading around $0.21 by Tuesday. If the rally continues, the price could challenge the Monday high at $0.33.

However, the daily RSI has spiked to 91, signaling extreme overbought conditions, which implies short-term correction or consolidation risks. The MACD remains bullish, supporting a positive outlook, but if DUSK faces selling pressure, the price could retreat to the 50% support zone around $0.18.

Daily DUSK/USDT chart | Source: TradingView