“The K-line of the cryptocurrency market is like the weather forecast - it is uncertain whether it will be sunny or cloudy, but if you learn how to read the clouds and know the wind direction, you can prepare an umbrella in advance!”
Decoding the trend of DEGO/USDT in plain language:
Current Status
The price is now stuck around 1.0323 USDT, as if the pause button has been pressed. The fluctuations in recent days have not exceeded 1%, a typical "Buddha-style shock".
The Bollinger Bands (BOLL) are particularly narrow, which means that the market is preparing for a big move and may change at any time.
Key Signals (Technical Indicators Classroom)
MACD: The DIF and DEA lines are almost sticking together (values 0.0046 vs 0.0044), like two people who are tired after fighting and shake hands to make peace - the long and short positions are temporarily tied.
Trading volume: The trading volume has shrunk to the "lowest level" recently (MA5 average volume is 285 million, MA10 average volume is 252 million), which shows that retail investors are just waiting and watching, and the main players have not made a move yet.
The Great Sage’s View
This sideways trend is very similar to a certain junk coin last week (I won’t mention the name), which shrank sideways for 3 days and then suddenly surged 20%. But can DEGO replicate this? It depends on two points:
① Holding the 1.0319 support(The most recent low point), if it breaks, it may become the "diving champion" in seconds;
② Large volume breakthrough 1.0350, MACD turns red, which means the charge has sounded!
