Recently, DUSK's performance has been quite interesting. The massive upward move yesterday, combined with the quick surge this morning, makes the weekly chart look much more appealing. Technical enthusiasts have good reason to be excited — not only did the price break through the previous downtrend channel, but it also formed a "higher low," which is a textbook early signal of a trend reversal.

More importantly, both trading volume and open interest are rising, indicating genuine new capital entering the market, rather than a false boom caused by short squeeze. The fundamentals are also telling a story: DuskEVM's mainnet has launched, aiming to tokenize securities worth over 300 million euros, riding the wave of RWA enthusiasm and Hong Kong's compliance policies. The outlook sounds bright, but there are hidden risks in the details.

First, technical risks. The RSI on the daily chart is already seriously overbought, and short-term profit-taking is intense — just one shooting star candlestick can wipe out many late buyers. Second, the tokenomics presents a major flaw — approximately 125 million DUSK tokens are set to unlock each year, increasing circulating supply. This ongoing inflationary pressure acts like a timer, continuously suppressing the price from rising further.

There's also a logical issue that can't be ignored. DUSK's core value proposition is "providing privacy for compliant institutions," but "compliance" and "privacy" are inherently conflicting concepts. Whether the business model can truly work remains to be seen over time.

Overall, a cautious optimism seems more prudent. Short-term corrections are likely to be a buying opportunity, but don't completely give up on shorting — this asset still has many variables.