RiseOfCrypto

On June 5th, 2025, the cryptocurrency $DEGO experienced a major price drop, raising concerns among investors. The token fell from around $2.60 to $1.25 in a single trading session, a steep 52.36% decline. This sudden move suggests strong selling pressure and a possible panic-driven market reaction.

📉 Recent Price Action
• Current Price: ~$1.25 USDT
• Drop on June 5th: -52.36%
• Latest 4H Candle: -5.07%
• Trading Volume (24h): 48.19 million USDT

The high trading volume confirms that many traders sold their tokens during this fall. This kind of activity often signals capitulation, where investors give up and sell out of fear.

📊 Performance Over Time
Timeframe Price Change
7 Days -30.0%
30 Days -20.8%
90 Days -63.0%
180 Days -48.31%

As the table shows, $DEGO has been in a long-term downtrend, which reflects a loss of confidence in the token over time.

📌 Technical Overview
• Price has fallen below both recent support and resistance levels
• Potential support zone: $1.20 – $1.25 USDT
• If this level breaks, the next likely target is $1.00 USDT
• Any rebound might face resistance near $1.50, then $2.00

The sharp rise in trading volume could be a signal of market exhaustion, but no strong recovery signal has appeared yet.

🧭 What Should Traders Watch?
• Support at $1.25: If the price holds above this level, a short-term recovery is possible.
• Psychological support at $1.00: If selling continues, this round-number level could act as the next floor.
• Resistance levels: Any price recovery will likely struggle near $1.50 and $2.00, where previous sellers may re-enter.

⚠️ Conclusion

Right now, $DEGO is in a high-risk zone. The recent crash could be a sign of a final panic phase, or just part of a longer decline. Investors should be cautious and avoid jumping in too early. It’s important to wait for clear signs of recovery, such as an increase in price with rising volume or bullish signals on technical indicators.

Remember: Investing in volatile tokens like DEGO requires careful planning and risk management.

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