#DEGO
š Key Observations:
Current Price: $1.055 (up +4.66%)
24h High / Low: $1.070 / $1.007
Volume (24h):
DEGO: 1.32M
USDT: 1.37M
MA (Moving Averages):
MA(5): 159,419.22
MA(10): 160,264.62
š Technical Insight:
ā Bullish Indicators:
Strong upward momentum: Price is testing the 24h high ($1.070).
Bullish candles: Recent green candles with increasing volume indicate buying pressure.
Breakout attempt: Price broke out from a consolidation range (~$0.99ā$1.01).
ā ļø Resistance Zone:
$1.070 is acting as a short-term resistance.
If broken with strong volume, the price may move towards the next resistance around $1.10ā$1.15.
š» Support Levels:Minor support: $1.018
Stronger support: $0.99
š Performance Overview:
Period Change
Today +1.64%
7 Days +7.65%
While the short-term trend is bullish, the long-term trend remains bearish, suggesting this could be a short-term rally or recovery bounce.
š Summary:
Short-term trend: Bullish (good momentum, potential breakout)
Medium/Long-term trend: Still bearish (watch for sustained strength)
Action level: If it breaks above $1.07 with volume, next target could be $1.10+. If it fails, expect a pullback to $1.01ā$0.99 range.
