$DEGO showing signs of recovery after massive drop from $2.896 highs
📈 Now at $1.332 — up 5.38% daily, but bouncing hard from $1.184 floor
💥 24h Vol: 14.10M DEGO | Eyes on reclaiming $1.50 resistance
Technical Analysis:
- Strong rejection at $1.184 support level
- Volume spike indicates institutional interest
- RSI oversold bounce pattern forming
- Key resistance cluster at $1.50-$1.60 zone
- Previous support at $2.20 now major resistance
Targets:
🎯 Short-term: $1.50 (12.6% upside)
🎯 Medium-term: $1.80 (35% upside)
🎯 Stop-loss: Below $1.18 (-11.4%)
Risk Assessment:
- High volatility token
- Recent 60%+ drop creates uncertainty
- Need volume confirmation above $1.45
- Market sentiment still fragile
- DYOR (Do Your Own Research)
Is this the bottom or dead cat bounce? DYOR
