#DEGO 🤑🤑🤑🤑
🔴Current price movement:
- Current price: 1.263 USDT (+2.68% increase)
- Key levels:
- Nearby resistance: 1.475
- Immediate support: 1.263 (critical level)
- Strong support: 1.098 (lowest listed level)
- Ranking: highest gainers > DeFi (indicating strong near-term performance).
🔴Momentum indicators:
- RSI (Relative Strength Index):
- RSI(6): 21.37 → Strong sell saturation (potential buy signal).
- RSI(14): 31.30 → Sell saturation (below 30 is ideal for buying).
- RSI(24): 37.53 → Approaching neutral.
- Signal: Potential upward momentum due to sharp sell saturation.
🔴 Trading volume and averages:
- Trading volume (24h): 2.76M for DEGO / 3.44M for USDT.
- Moving averages of volume:
- MA(5): ~2.32M → Approaching actual volume (2.29M).
- MA(10): 7.56M → Much higher than current volume (indicating a decline in recent trader interest).
- Signal: Declining current volume may limit further uptrend, needs to break 1.475 with high volume to confirm direction.
🔴 Key order levels:
- Critical support: 1.263 (must be defended to maintain uptrend).
- Breakout level: 1.475 (immediate bullish target upon breaking).
- Danger zone: Breaking 1.098 may bring it back down to 0.90.
General context:
- Performance: +2.68% (uptrend in the current trading session).
- Ranking: DeFi (highly volatile sector).
- Strengths:
- Strong sell saturation (RSI < 35).
- Bounce from the 1.263 level supported by price increase.
- Weaknesses:
- Low trading volume compared to weekly average (MA10).
- Strong resistance at 1.475.
🔴 Technical recommendations:
1. Short-term traders**:
- Buy entry: Upon stabilizing above 1.263 with RSI(14) > 30.
- Profit target: 1.475 (gains +16.8% from current price).
- Stop loss: below 1.098.
2. Average traders:
- Buy conditions: Break above 1.475 with trading volume > 5M.
- Upside targets: 1.852 → 2.228.
🔴Warnings:
- Sharp decline in volume (compared to MA10) warns of weakening uptrend momentum.
- Any daily close below 1.263 may attract more selling.
- Monitoring news in the DeFi sector (especially projects linked to DEGO).
⚠️ Note:
MACD indicator to confirm buy signal crossover.
Fibonacci levels to identify precise support/resistance areas.
This information remains a technical analysis and is not investment or trading advice.
