Ranking 238th in the market of $XRP $DOGE $PEPE cryptocurrencies, the DEGEN token has attracted attention due to recent price movements. Currently, its price is $0.01954 after a decline of 4.82% over the last 24 hours, fluctuating near critical support and resistance levels.

Despite a decrease in trading volume, technical indicators suggest a potential bullish breakout if the token maintains its trend above the resistance level.

Crypto analyst CryptoBull_360 highlighted the recovery of DEGEN from a significant support zone on lower timeframes (LTF), indicating a potential rally. The token has shown strong buying activity in its accumulation zone. If DEGEN surpasses the identified resistance level, the price could rise by 30-50% depending on market dynamics.