#DUSK/USDT - UPDATE šØā¬ļø
Analyzing $DUSK on timeframes exceeding 2 hours indicates it is in the overbought zone. On shorter timeframes, the price has encountered resistance, leading to a sharp decline from $0.3347 to $0.3195. This downtrend may continue, potentially reaching at least $0.2917.
For spot traders, consider initiating positions around $0.2917 and employing Dollar Cost Averaging (DCA) near $0.2728 if the price declines further. The $0.2917 level serves as a crucial support zone, from which a price increase could occur.
If the price begins to rise from $0.3151, it is advisable to avoid entering positions prematurely, as this could be akin to "catching a falling knife."
Instead, consider investing in alternatives like Stellar (XLM), Artificial Superintelligence Alliance (FET), or Fantom (FTM), which have recently shown strong performance.
Additionally, the $0.3014 to $0.3171 range represents a buying pressure zone. The price may consolidate within this area for an extended period, potentially lasting several hours, before determining its next movement.