🔥 Analysis and forecast for $DEGO : is it time to exit? 📈
As of May 19, 2025, 20:29 EEST, the price $DEGO on Binance is $2.065, with an increase of 8% over the last 24 hours. The trading volume for the day has risen to $6.5M, and the market capitalization has reached $43.39M. This growth may be associated with positive market sentiment and increased activity in the NFT+DeFi ecosystem being developed by Dego Finance.
Technical analysis shows bullish momentum. On the 4-hour chart, the price has settled above the 50-day moving average ($1.95), confirming an upward trend. The 200-day SMA ($1.80) also indicates long-term growth that began in early 2025. However, the RSI (14) at 70 signals overbought conditions, which may foreshadow a short-term correction. The nearest resistance is at $2.10, while support is at $1.97. Breaking $2.10 could pave the way to $2.30, while falling below $1.97 would increase pressure toward $1.85.
Forecast: in the short term (by the end of May) $DEGO may correct to $1.90–$1.95 due to overbought conditions, but will retain growth potential to $2.50 by July 2025 with positive news. The long-term target for 2026 is $3.50 if the project continues to develop the NFT ecosystem.
Is it time to exit? The current price of $2.065 appears overbought, and a correction is likely. It is recommended to take some profits while keeping a position for growth to $2.30. A stop-loss at $1.97 will help minimize risks. For new entries, it's better to wait for a pullback to $1.95. Stay tuned for news and volumes! #dego ##BinanceAlphaAlert #CryptoAnalysis
