It's been interesting to observe Dusk's recent trend. On the surface, all overbought signals are flashing red lights, but a closer look at the technical data reveals that the bulls are still holding on stubbornly.

Looking at the data from January 18th, the daily RSI has already surged to 79.89, which is a typical overbought zone. The current price is at $0.1155, having broken through the upper Bollinger Band at around $0.107. The 4-hour chart also looks grim, with RSI at 67.72. All three timeframes are signaling a cooling-off, so a correction should be expected under normal circumstances.

However, an interesting contradiction arises here. The ADX trend strength indicator is still fluctuating between 47 and 60, indicating that upward momentum remains quite strong. Both the daily and 4-hour MACD are in a golden cross expanding phase, with the histogram consistently positive. What does this "divergence" in technical signals imply? In the short term, there is indeed a risk of a pullback, but the overall upward trend still seems to be intact.

Looking down at support levels, the $0.107 to $0.11 range warrants close attention. This zone has two implications—it’s near the lower Bollinger Band, and according to the liquidation heatmap, long positions are heavily accumulated here. If the price falls below this range, the next support level will depend on the 4-hour EMA26, roughly around $0.093.

What about resistance on the upside? The $0.115 to $0.118 zone has a concentration of short positions, with total liquidations reaching $788,000. If the price breaks through this range, it could trigger a chain reaction of liquidations, potentially pushing the price above $0.12.

Signals from the derivatives market are somewhat mixed. Open interest has decreased by 27% over the past 24 hours, now standing at $24.57 million, indicating that some funds are taking profits and exiting. But there's a detail—funding rates are negative. Platforms like Bybit and KuCoin are at -0.85% to -1.24%, meaning shorts are paying longs. Overall market sentiment remains bullish. Looking at the past 24 hours’ liquidation stats, short positions were liquidated for $1.14 million, while longs were liquidated for $730,000, further confirming that bulls are currently in the lead.

In summary, in the short term, Dusk might oscillate around the $0.11 level, digesting previous profit-taking. As long as it doesn’t fall below $0.107, the bullish pattern remains intact. If Dusk’s EVM mainnet launches smoothly during this period, it could serve as the next catalyst for a rally.