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Degen

DEGEN Price Soars on Binance Announcement: What’s Next? Exciting news for DEGEN investors! On Friday, Binance announced the futures listing for $DEGEN, resulting in an impressive 43% price surge. But what does this mean for the future of the token? Let’s dive in. Key Highlights - Binance Futures Listing: Binance, a leading crypto exchange, revealed it would list a DEGENUSDT (USD-Margined) perpetual contract. This allows users to trade the asset with up to 75x leverage, significantly boosting potential gains. - Enhanced Trading Features: Binance will support Multi-Assets Mode for DEGEN, providing traders with more flexibility and improved risk management. A capped funding rate at +2.00% / -2.00% was announced, but changes could occur based on market conditions. - Market Reaction: Following the announcement, DEGEN’s trading volume skyrocketed over 100%. This bullish momentum, combined with investor interest, suggests potential for further gains. DEGEN’s Impressive Rally As of now, $DEGEN has surged 46%, trading at $0.02981. The token’s intraday trading volume reached $411.77 million, marking a 137% increase. This upward trend corresponds with the Binance announcement, indicating strong market confidence. Moreover, the token's futures open interest (OI) rose 43% to $37.58 million, while derivatives volume saw a 153% boost to $125.94 million. This data highlights a growing investor interest in DEGEN. Technical Outlook Currently, $DEGEN is up 10%, trading within a consolidating zone of $0.028. It’s attempting to overcome a bearish reversal to break past previous highs. The RSI is stable at 54, and there’s immediate support at $0.025. A breach below this could trigger a bearish trend. However, with the positive performance of BTC and similar assets, $DEGEN might break past its recent highs. What’s Next? Will DEGEN continue its upward trajectory, or will market corrections slow it down? As always, investors should stay informed and make decisions based on comprehensive analysis. Stay tuned for more updates as the market evolves!
COINBASE:DEGENUSDLong
by DEXWireNews
DOGEUSDT.PTo whom it may concern, This is DOGE, the biggest #memecoin in #crypto, with leverage up to 75x, so things could get risky. I’m watching the daily timeframe, and my outlook on this chart leans more bearish than bullish. The blue line is now acting as resistance, and based on price action, the black line could be the next support level to be tested. If the black line holds, it could push the price up toward the top black line. The volume adds some uncertainty, as steady levels could support a bullish move. 2 If you have any questions, feel free to ask. This is not financial advice. Stay safe and humble.
Short
by vagada
DEGEN Long Trade Setup: Potential for 60% Rally!Long DEGEN/USDT DEGEN has broken above the resistance trendline and is now trending above the 50 EMA. A potential rally from the current price could lead to a positive move for DEGEN. Entry: CMP or wait for the retest at $0.00722. Accumulation: $0.007 Stop Loss: $0.00659 Leverage: 5x Targets: $0.00853, $0.00935, $0.01010, $0.01088, $0.01178 Be sure to use proper SL and accumulate on any dips. Keep leverage low to avoid liquidation. Do your own research before investing.
Long
by Dexter_The_Trader
Pepe to hit new ATH this cycle with 350% gainThe chart displays a strong technical setup for PEPE (PEPE/USDT), featuring a Symmetrical Triangle formation alongside a repeating fractal pattern with hidden divergences in the RSI. Below is a detailed breakdown of the key elements and potential price targets: 1. Fractal Pattern & Hidden Divergence • A fractal pattern earlier in the chart preceded a sharp price increase, reflecting the asset’s parabolic movement during prior bullish cycles. • The hidden divergence seen in the RSI during that time indicated bullish momentum, with price making higher lows while the RSI formed lower lows. This was a strong precursor to the price rally, reinforcing the validity of the current fractal setup. 2. Symmetrical Triangle Formation • The chart shows a symmetrical triangle, a classic consolidation pattern that usually results in a breakout. • The price is currently coiling within the triangle, tightening toward the apex, signaling a potential breakout. If the breakout occurs, a substantial price movement could follow, likely to the upside due to the bullish divergences. 3. Hidden Divergence (Again) • The RSI reveals another hidden bullish divergence, where price maintains its lows while momentum picks up. This suggests a strengthening trend that could push the price higher once the triangle resolves. 4. Fibonacci Extensions & Price Targets • Key Fibonacci levels provide potential price targets for a breakout: • 1.272 Fib at 220%: This is the immediate breakout target, around $0.000002485587, offering a solid potential upside. • 1.618 Fib at 350%: This level, near $0.0000035396068, aligns with the prior fractal price peak. • All-Time High (ATH): The ultimate bullish target is around $0.0000018024355, which could be tested in the event of a sustained breakout. 5. Price Projections • Short-Term Outlook: PEPE is currently consolidating within the triangle. If it breaks to the upside, the immediate target would be around $0.0000018024355, which represents a 133% gain from the current price and aligns with the previous all-time high (ATH). • Medium-Term Outlook: After reaching the ATH, the next significant target would be the 1.272 Fib extension at $0.000002485587 (220% gain). This level is crucial as it often acts as a point of resistance during breakouts and can determine the sustainability of further upward momentum. • Long-Term Outlook: In the case of a major breakout, we could see PEPE pushing towards the 1.618 Fib extension at $0.0000035396068 (350% gain). This would mark a significant new all-time high and represents the full potential of this technical setup, especially if market conditions remain favorable for continued bullish action. Conclusion The combination of the Symmetrical Triangle pattern, hidden RSI divergence, and repeating fractals creates a high-probability bullish scenario for PEPE. The breakout targets include $0.0000018024355 (previous ATH), $0.000002485587 (220% extension), and $0.0000035396068 (350% extension). Watching for volume confirmation and market sentiment will be crucial to validating the breakout.
CRYPTO:PEPEUSD
by Blockbullder
DEGEN/USDT Breakout PredictionDaily DEGEN/USDT Analysis In the daily chart of DEGEN against Tether (DEGEN/USDT), the price has been moving within a descending wedge pattern. Recently, it made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 4.33% increase, there is a strong possibility of a breakout from this pattern. Technical Analysis: Descending Wedge: DEGEN has been consolidating in a descending wedge, which is typically a bullish reversal pattern. Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggests a potential upward breakout. Relative Strength Index (RSI): The RSI is at 27.47, indicating that DEGEN is in oversold territory and may be due for a reversal. Price Prediction: Based on the analysis, it is predicted that DEGEN will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.065096. This presents a good buying opportunity with a significant potential upside. Disclaimer: I am not a financial advisor, and these predictions should not be taken as financial advice.
Long
by Maxnalie
DEGEN NEW POSSIBILITIES IN PRICE ACTIONHi Traders, I hope you all are doing well and navigating the crypto market with your best strategies. This update is for DEGENUSDT. Degen is looking interesting over the next time frames and may show increased volume. That's why we're keeping an eye on this coin. $0.025 is a key confirmation zone. If the coin breaks this level, there's a high chance it could reach $0.039. Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis. Good times, everyone. This update is not trading or financial advice .
Long
by SatochiTrader