By observing the market depth on the Binance platform, we notice the following distribution of liquidity that outlines the upcoming price movement:
1. Support Wall (Buy Walls)
Large buy orders are concentrated in the price range between $0.1680 and $0.1710. The presence of "buy walls" in this area indicates the "whales"' desire to prevent the price from dropping below this level, reinforcing the confidence that a local bottom may have already formed.
2. Sell Walls
The data from @dusk_foundation shows a buildup of sell orders at levels of $0.2050 and $0.2100. This means that the price may face consolidation when attempting to break through the $0.20 barrier, and will require high trading volume to surpass this area.
3. Money Flow
Buy to Sell Ratio: The scales currently lean in favor of buyers at 54% over the past 24 hours.
Net Flow: There is a positive flow of funds from large wallets to spot trading platforms, suggesting preparation for an upcoming upward wave.
Summary:
The #Dusk project is not just a speculative currency, but the backbone of the future of private institutional finance. The upcoming path seems cautiously bullish, waiting for confirmation of a breakout from key resistance levels.$DUSK #dusk
