Rising Demand for Privacy Coins Puts DUSK in the Spotlight

Recently, on-chain privacy, financial confidentiality, and transaction traceability have become focal points for investors again. Following the strong surge in Monero, interest in alternative privacy-focused projects has noticeably increased, and this trend quickly spread across the market. DUSK, with its privacy-focused infrastructure, is among the projects that directly benefit from this trend. In particular, increasing regulatory discussions and greater monitoring of blockchain transactions are steering investors toward coins that offer privacy-focused solutions. This growing demand has rapidly increased interest in DUSK, making it one of the main factors supporting both its price and trading volume surge.

Trading Volume Surge Supports the Price Rise

One of the key factors behind DUSK’s price surge is the sharp increase in trading volume. As shown in the chart, the 24-hour trading volume surpassed $90 million, marking a significant jump compared to previous days. This volume increase indicates strong market participation behind the price movement. The higher volume suggests that the surge is not just a short-term move in a low-liquidity market; instead, new buyers are entering the market, and investor interest is sustained. This situation makes the price movement appear stronger and more sustainable while also supporting the momentum of the upward trend.

After maintaining above the $0.10 level, DUSK retested the psychological resistance at $0.13. Breaking this level strengthens the short-term bullish outlook technically and accelerates buying activity. Especially after surpassing this zone, positive momentum in the market has increased. Sudden accelerations observed in the chart indicate that both technical traders and momentum-strategy investors are moving toward DUSK. This shows that the price movement is supported not only by short-term activity but also by a broader investor base.

The Privacy Narrative Strengthens

The renewed emphasis on the “privacy coins” narrative in the market highlights projects like DUSK. Initiated by Monero, this movement paves the way for investors to turn toward coins with similar themes and relatively lower market capitalization. In this context, DUSK has quickly gained attention due to both its privacy-focused nature and increasing trading volume. The recent surge in DUSK is shaped by a combination of factors: rising demand for privacy coins, higher trading volume, and technical level breakouts. As long as the privacy theme remains prominent in the market, DUSK’s price movements may continue to attract close investor attention.

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Bitcoin has recovered from its recent fall and is now back above $43,000. A significant resistance level for Bitcoin is currently set at $43,600. If this level is broken with volume and a close above is seen, we can say that Bitcoin may head towards the $45,000 level and above. However, it may be premature to talk about a bullish scenario before this level is broken.

Bitcoin and Cryptocurrencies Update! – February 2

• Bitcoin (BTC): The BTC/USDT pair has gained 0.21% in the last 24 hours and is currently trading at $43,169. Resistance
• levels for BTC are first at $43,600 and then at $44,200. Support levels are at $42,800 and below that at $42,000.
• Ethereum (ETH): The ETH/USDT pair has gained 0.21% in the last 24 hours and is currently trading at $2,308. The first resistance level for ETH is at $2,285, followed by $2,375. Support levels are first at $2,175 and then at $1,960.
• Perpetual Protocol (PERP): The PERP/USDT pair has gained 4.16% in the last 24 hours and is currently trading at $1.13. Resistance levels for PERP are first at $1.19 and then at $1.23. Support levels are at $1.12 and then at $1.07.
• MultiversX (EGLD): The EGLD/USDT pair has gained 5.14% in the last 24 hours and is currently trading at $56.23. The first resistance level for EGLD is at $58.60, followed by $60.00. Support levels are first at $55.24 and then at $51.88.
• Dusk (DUSK): The DUSK/USD pair is currently trading at $0.26, up 7.26% at the time of writing. Resistance levels for DUSK are in the $0.28 – $0.295 range, while support levels are in the $0.263 – $0.244 range.

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