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DEGENUSDT

DEGEN/USDT Technical Analysis✅Key Support Zone: $0.0058 - $0.0062 ✅ Major Resistance Levels: First Target: $0.0154 Second Target: $0.0220 - $0.0228 Final Target: $0.0256 📉 Market Structure: The price is currently testing a strong historical support zone around $0.0060, which has previously acted as a demand level. A potential double bottom formation could be developing, signaling a possible trend reversal. If the price holds above the white support zone, we might see a bullish bounce towards the next resistance levels. 📈 Bullish Scenario: A breakout above $0.0075 and a successful retest would confirm bullish momentum. If the price sustains the higher low structure, it could target $0.0154, then $0.0228 in the mid-term. 🔻 Bearish Risk: A breakdown below $0.0058 could invalidate this setup, leading to further downside. Watch for volume confirmation before taking any trade. ⚠️ Trading Strategy: 🔹 Long Entry: After confirmation of a bounce from support. 🔹 Stop Loss: Below $0.0055 to manage risk. 🔹 Take Profit Targets: $0.0154, $0.0228, and $0.0256.
Long
by Tradeaione
Degen Spartan AI: A Bullish Breakout You Can’t IgnoreDegen Spartan AI ($DEGENAI) has captured the attention of the crypto community with its remarkable rise. Despite being a Solana-based memecoin and trading solely on decentralized exchanges (DEXs) like Raydium and Jupiter, it boasts an astonishing market cap exceeding $80 million. This surge is unprecedented for a Solana memecoin without a centralized exchange (CEX) listing, making it a phenomenon worth exploring. Technical Analysis The chart for $DEGENAI reveals a bullish symmetrical triangle pattern, a classic indicator of potential upward momentum. The token recently broke through the resistance trendline, signaling a strong continuation of its bullish trend. With the Relative Strength Index (RSI) at 67, $DEGENAI is not yet in overbought territory, leaving room for further upward movement. Key levels to watch include: - Support Zones: A minor support level at the 38.2% Fibonacci retracement level and a major support zone at the 61.8% Fibonacci level, which traders might consider a buy zone in case of a correction. - Price Target: We are eyeing $0.50 as a potential target, particularly with anticipation of a CEX listing. Project Overview Degen Spartan AI is an innovative AI agent trained on the tweets and knowledge graph of the former crypto influencer Degen Spartan. By leveraging the cutting-edge ai16z/eliza stack, this project stands out as a pioneer in the burgeoning AI-agent space. Unprecedented Market Performance Degen Spartan AI’s market activity has been extraordinary: - Daily Trading Volume: $16.7 million in the last 24 hours, a 318.30% increase, showcasing heightened interest. - All-Time High: Recently reached $0.09359, just 7.97% below its current price. - All-Time Low: A staggering 2,791.76% increase from its low of $0.002979 recorded in November 2024. Community and Market Sentiment Despite lacking listings on major CEXs like Binance, KuCoin, or Bybit, $DEGENAI has cultivated a robust community. Its trading volume on Raydium and Jupiter underscores the power of decentralized platforms. The anticipation of a CEX listing could propel the token’s price further, as traders and investors position themselves for potential gains. Conclusion Degen Spartan AI exemplifies the fusion of AI technology with the memecoin phenomenon. Its technical indicators and market fundamentals point to a promising trajectory. While risks like corrections remain, its support levels and community-driven momentum provide a solid foundation for continued growth. For those seeking innovation in the crypto space, $DEGENAI is a compelling prospect.
RAYDIUM:DEGENAISOL_DLAOH9.USDLong
by DEXWireNews
$DEGEN is gearing up for its next move!$DEGEN is currently sitting on a strong support with a double-bottom formation, testing its 4-hour demand zone after a long decline. A break of .010 resistance could hit its swing point at .014, in confluence with m_rvwap I think it's a good idea to keep the $DEGEN chart on your radar to see the overall meme sentiment on Base I am inclined to think that we might be nearing the bottom in terms of both price and sentiment. It's evident that the focus is now shifting towards the Virtuals ecosystem, reminiscent of the vibe in Q1 2024.
by Tealstreet
Degen $degen #degen In the bigger picture like on HTF as in 1-day charts i think we are still grinding down and dealing with distribution/consolidation after this big move up last week. I think we might even go back down and retest the $0.0143 levels over the next several days or even as much as couple weeks. However, in the more near term like on a 4hr. time frame i think it looks like it might want to flush some shorts and go back up and retest some of these levels marked out up above. This could give great near-term opportunity to make some $ with clear current invalidation levels/SL etc. I think IMO that all of the top coins with community on the Base system will end up really shining at some point by the end of this cycle and if this is one that you are wanting to be in. Then this IMO is also a great place to begin to DCA into a spot long and HOPE for these dips I speak of to load up more. Remember that may not even happen and that we could end up with Eth running NOW/before you know it and this will be the LOW you want.
COINBASE:DEGENUSDLong
by rarebreed29
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
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
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