DUSK has recently attracted a lot of attention. Let's look at three dimensions to understand why this project is worth considering.

**Narrative Level Upgrade**

When it comes to anonymous coins, most people first think of ZEC and DASH. But DUSK is taking a different path — its main story in 2026 is no longer "privacy payments," but "compliant RWA (Real World Assets)." This sounds a bit unfamiliar, but institutions are already taking action.

The collaboration between DUSK and the Dutch regulated exchange NPEX is the most noteworthy. They plan to tokenize €300 million of securities (stocks, bonds) on-chain in the first half of 2026. In other words, real financial instruments backed by tangible assets will circulate through DUSK’s privacy layer. This is a gameplay that old coins like ZEC have never even considered.

Additionally, the launch of DuskEVM mainnet in Q1 2026 means Ethereum ecosystem developers can seamlessly migrate to DUSK. This is not just a verbal promise but a real growth point for TVL (Total Value Locked), rather than some illusory hype.

**Signals from Market Sentiment**

On-chain data shows that DUSK experienced a long bottoming process during 2024-2025. By January 2026, trading volume suddenly exploded around $0.15 — reaching $240 million in 24-hour trading volume. Such a scale of transaction usually indicates institutional market makers are accumulating.

More interestingly, the Funding Rate has been persistently negative (even below -0.02%), indicating a crowded short market. The more shorts there are, the greater the potential for a short squeeze in the short term. Moreover, DUSK’s current market cap is only about $100 million, making this size of a position an easy target for market makers to push.

**Technical Analysis and Price Targets**

Looking at the January trend, DUSK has broken through a year-long downtrend line. It is now in the early stage of a main upward wave. Although RSI is in the overbought zone at 86-89 (which may face a short-term 15% correction), the structure of higher lows and higher highs remains healthy.

The upcoming price targets are divided into three steps:

First, the initial zone of $0.45 to $0.62 is the resistance area for the 2024 rebound and a key test of the upward trend. Breaking through this range, the next target is $0.95 — the secondary high in 2022 and the last psychological line before reaching $1.

If the RWA narrative fully explodes in the second half of 2026, breaking $1.16 is not a dream. This would be a new all-time high, potentially extending into late 2026 or early 2027.

In summary, this wave of DUSK’s market movement is not just a technical confirmation but a comprehensive reflection of macro narratives, market structure, and regulatory friendliness.