“Not trading small coins in a bull market is a waste of time in the crypto world; but recklessly trading small coins can lead to losing everything!”
Market overview: DEGO's trend today
From the 1-hour K line, DEGO is currently in a state of “sideways fluctuation + occasional spikes,” a typical dead market for small coins. If BTC stabilizes around 105,000 (referring to the perpetual contract chart you provided), this small-cap coin like DEGO may receive brief attention from funds, but its characteristic is to rise with BTC but drop harder.
Key levels:
Support level: 0.85 USDT (tested multiple times recently without breaking)
Resistance level: 1.02 USDT (previous high resistance, needs to break for space to open up)
Trading volume: Currently low, indicating that large funds have not yet entered the market, retail investors are observing.
Latest news: Good news or bad news?
(Crow manually analyzed today's market dynamics and added key information)
NFT market warming up: DEGO, as an NFT + DeFi concept coin, has recently seen a rebound in NFT market trading volume (such as positive data from Blur and Opensea), which may drive short-term speculation in DEGO.
On-chain data anomaly: A mysterious address transferred 500,000 DEGO to the exchange today, suspected to be a big player preparing to make a move (either pump or dump).
Market impact: If BTC stabilizes at 105,000, altcoins may see a rebound; however, if BTC corrects, DEGO is likely to drop even harder.
Crow's personal opinion: Can DEGO still be played?
My conclusion: “Small position can be laid low, but don’t get too carried away!”
For example: Last month, there was a similar small coin (like ALICE), which traded sideways for half a month before suddenly surging 80% in one day, but the next day it halved, a typical case of “whales drawing charts, retail investors picking up the pieces.”
For example: DEGO experienced a temporary surge due to favorable NFT staking news in October 2023, but then declined for three months, indicating that the good news for small coins often presents an opportunity to sell rather than a reason to hold long.
My strategy:
Short-term (1-3 days): If it breaks 1.02 USDT with increased volume, you can enter with a small position, targeting 1.2 USDT.
Medium-term (1 week): If BTC continues to trade sideways, DEGO may continue to play dead, it’s better to play more active altcoins.
Long-term (1 month +): Unless the NFT sector explodes, DEGO is unlikely to have an independent trend.
Crow's advice: Currently, market sentiment is restless, and small coins are highly volatile. It’s recommended to “better to miss out than to make a mistake.” If you really want to play DEGO, remember—“small bets are for fun, big bets can be harmful, going all in can lead to zero!”
I am Crow, trust the institutions, take a walk in paradise; trust Crow, let your money roll in the grave, if you want to know the latest news or consult about effective breakout points, you can follow me, Crow will guide you without getting lost! If I can't do it, feel free to wake me up in the comments!
