$DEGEN Market Analysis

📉 Current Trend

Observing the Rebound: Currently, DEGEN is near a key level, and the chart shows potential rebound opportunities. The current price is **\0.004117**, forming an important structure on the 4-hour chart.

🔍 Technical Analysis

Pattern Analysis: The chart displays the ABC corrective pattern, indicating possible reversal points. The key level is around **$0.0055**, and breaking through this area may trigger further upward movement. Support Level: The current support level is near **$0.002563**; if this level is breached, caution is advised.

🚀 Future Trend Expectations

If the price stabilizes near the support level and starts to rebound, there could be significant upside potential.

⚠️ Trading Advice

Close Monitoring: It is recommended to pay attention to signs of rebound and changes in trading volume to determine whether to enter. Risk Management: Always set stop-loss orders when trading to address potential downside risks.