DEEP Token Surges Past Key Levels, Eyes $0.30
DEEP token is on a remarkable run, breaking through significant technical barriers. In just 24 hours, it has surged over 35%, trading at approximately $0.23. This surge comes after a month-long consolidation between $0.05 and $0.10.
The token’s price action began its ascent on April 22. The catalyst? Binance introduced a USD-margined perpetual contract for DEEP, offering up to 50x leverage. This move ignited a 105% price jump from $0.08984 to $0.1849. The listing on Upbit, a south Korean exchange, further fueled the rally. Volume has spiked nearly 400%, signaling strong investor interest. The climb started when Binance added DEEP to its platform. This addition, coupled with the new listing, has attracted more traders.
Before the breakout, DEEP showed early signs of strength. It broke a months-long downtrend around April 18-19.The price then soared, reaching $0.1849. The token’s value has been climbing steadily since. The price is now eyeing the $0.30 mark.
Technical indicators point to a bullish trend. the MACD shows a strong bullish crossover, and the Bollinger Bands are expanding, indicating increased volatility.
However, the Relative Strength Index (RSI) is in overbought territory, suggesting a potential pullback. the price is approaching resistance around $0.25-$0.26. If the rally continues, the next target is between $0.28 and $0.30.
Support levels are at $0.18-$0.19 and $0.15. Holding these levels during a pullback is crucial to maintain the bullish trend.
