DUSK coin retraces over 35%, open contracts hit a new high, and partnership with Chainlink supports the market outlook

【Crypto World】DUSK’s performance this week has been incredible. After a sharp drop from a high of $0.32, it has now fallen below $0.20, with a 24-hour loss of over 35%. But don’t rush to clear your positions; from a weekly perspective, the gains are still astonishing—an increase of 150% over the week, indicating that the previous enthusiasm was indeed real.

Interestingly, while the price is adjusting, market enthusiasm hasn’t faded. On Monday alone, the daily trading volume reached $298.43 million, and the open interest in futures contracts is even more impressive, hitting a record high of $47.94 million. What does this divergence usually mean? Both bulls and bears are competing, and institutions are testing the waters.

From a fundamental standpoint, recent project activities have been solid. DUSK has partnered with Chainlink to develop cross-chain asset interoperability, which is a real necessity in today’s ecosystem. Plus, the regulated Dutch exchange NPEX has also endorsed it, so compliance isn’t a concern.

On the technical side, although the price is consolidating, DUSK is holding firmly above the key support level of $0.17, with no signs of breaking down. The candlestick patterns and other indicators still suggest a bullish outlook. Short-term corrections might even be a good opportunity to accumulate. The next critical step is whether it can regain and stay above $0.25.