DEGEN’s recovery near critical support zones suggests a potential 30%-50% price rally if momentum holds.
Despite declining trading volume, rising open interest and balanced sentiment indicate sustained engagement.
Liquidation data shows $407K losses, highlighting volatility risks as DEGEN tests key resistance zones.
Ranked #238 in the crypto market, the DEGEN token has gained attention for its recent price movements. Currently priced at $0.01954 after a 4.82% drop in the last 24 hours, it hovers near critical support and resistance levels.
Despite declining trading volume, technical indicators suggest a potential bullish breakout if the token maintains its trend above a resistance level.
Crypto analyst CryptoBull_360 highlighted DEGEN’s recovery from a significant support zone on lower time frames (LTFs), suggesting a potential rally. The token has shown strong buying activity in its accumulation zone, marked as green on the chart.
If DEGEN breaks above the identified resistance, it could see a price increase between 30%-50%, depending on market momentum.
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