$DEGO has seen a dramatic plunge on the 4-hour chart, currently trading at 1.254 USDT, with the latest candle showing a -5.07% drop. Letโs dive into the key highlights ๐
๐ Massive Price Drop:
On June 5th, $DEGO posted a huge red candle, collapsing from ~2.600 USDT to 1.254 USDT โ a staggering -52.36% move in just one session.
This suggests intense selling pressure, likely triggered by a panic sell-off or broader market shock. The price has since stabilized near 1.250 USDT, but bears still dominate the trend.
๐ Volume Analysis:
Trading volume surged to 48.19M USDT in the last 24 hours, confirming a high-conviction sell-off.
While volume has eased slightly post-drop, the spike indicates potential capitulation, which could precede a base or relief bounce.
๐ Performance Snapshot:
7 Days: -30.0%
30 Days: -20.8%
90 Days: -63.0%
180 Days: -48.31%
This consistent downtrend across multiple timeframes reflects broad bearish sentiment surrounding $DEGO.
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๐ Key Technical Insights:
Price has crashed well below its 24h high of 2.689 USDT, and even breached the previous 24h low of 1.232 USDT.
A potential support zone is forming around 1.200โ1.250 USDT.
The volume SMA spiked sharply in line with the drop โ often a sign of capitulation.
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๐งญ Whatโs Next for $DEGO?
Support: Watch the 1.250 USDT level closely. If it fails, 1.000 USDT could be the next psychological target.
Resistance: Any recovery will likely face hurdles near 1.500 USDT, with stronger resistance at 2.000 USDT โ the last consolidation zone before the crash.
Sentiment: Momentum remains bearish. Wait for confirmation of a reversal (e.g., bullish RSI divergence) before entering long positions.
โ ๏ธ Final Thoughts:
Extreme caution is advised. This could be either a temporary bottom or the start of further decline. Monitor
volume and price structure for clues before making any moves.$DEGO
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