Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
DEGEN Token Close to Breakout: 30-50% Price Growth Possible

DEGEN Token Close to Breakout: 30-50% Price Growth Possible

HappyCoinNews2024/11/23 22:44
By: HappyCoinNews
DEGENOLD0.00%

Token DEGEN, ranked 238th in the overall cryptocurrency rankings, has caught the attention of traders with its recent price fluctuations. The asset is currently trading at $0,01954 after falling 4,82% in the last 24 hours and is near critical support and resistance levels.

Cryptoanalyst CryptoBull_360 noted that technical indicators on the DEGEN chart indicate a potential bullish breakout for the token.

DEGEN Token Close to Breakout: 30-50% Price Growth Possible image 0

If DEGEN breaks through the resistance level, then depending on the market dynamics, the token price may increase by 30-50%.

The current price action is based on the historical DEGEN pattern, which is characterized by sharp spikes followed by a pullback, which is in line with the current recovery trend. However, a successful rally depends on buyer activity and a clear breakout above the resistance level.

DEGEN's market cap is currently $277,14 million. Trading volume over the past 40 hours has decreased by 93,34% to $1,03 million. Despite this, open interest has increased slightly by 36,75% to $XNUMX million, indicating stable interest from traders.

The long/short ratio remains balanced at 0,9681, indicating parity between bullish and bearish positions.

DEGEN Token Close to Breakout: 30-50% Price Growth Possible image 1

The MACD technical indicator on the DEGEN chart is near the signal line, indicating the absence of a clear directional trend. The Relative Strength Index (RSI) is 46,37, indicating that the token is not overbought or oversold.

EN @happycoinnews
EN @happycoinnews_en
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

PoolX x Bitget Earn SWTCH promotion
Bitget Announcement2025/09/15 16:00
New spot margin trading pair — AVNT/USDT!
Bitget Announcement2025/09/15 09:50

Trending news

More
1
PoolX x Bitget Earn SWTCH promotion
2
New spot margin trading pair — AVNT/USDT!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,421.23
-0.44%
Ethereum
Ethereum
ETH
$4,517.51
-2.24%
XRP
XRP
XRP
$3
-1.32%
Tether USDt
Tether USDt
USDT
$1
-0.02%
BNB
BNB
BNB
$920.79
-1.05%
Solana
Solana
SOL
$234.31
-3.30%
USDC
USDC
USDC
$0.9999
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2669
-4.80%
TRON
TRON
TRX
$0.3446
-1.22%
Cardano
Cardano
ADA
$0.8633
-3.15%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter