degen almost on verge of breakout#DEGEN $DEGEN
the meme of base the main one
wait for breakout to ape in..
top for this one should be around 8c.
DEGENUSD trade ideas
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!
MANIPLUATION taking place with $DEGEN coinonce listed on binance perps *not spot* coin tanks -45% since..
support levels around 0.012-0.015 expect to see a bounce there and see where the market is from there.
$degen COINBASE:DEGENUSD
Degen UpdateThe trade worked out.
Up 3x.
What's Next?
I decided to hold my Trade as it was a spot one. And add into my Original Spot Bag.
You can see in the chart my TPs. From now on the market turned bullish. Momentum is on our side and Base Memecoins are all ATH (I hold Keycat, Miggles, Boomer beside Degen)
I foresee for now a left translated cycle. Waiting to be proved wrong. I d prefer a long cycle till 2026 of course. From now on most TA wont work. It's easy mode. If we consolidate in this area for long time Degen has the chances to do very well. A break out to new highs is less bullish instead.
Waiting patiently.
degen the meme of coinbase390m is undervalued for a coinbase *BASE* backed meme.. this one can easily go to 5-10b+
passive target here for me short term.
degen cheat sheetsupport and resistance levels
the only base meme listed on coinbase.. expect to see this one soar past 10c
DEGEN (10x Potential)Degen is a Layer3 project on Base.
Passing $0.0056 without dropping to the targeted areas invalidates the idea.
Breaking $0.0021 is the stop-loss.
If the price goes according to plan, I think there's a chance to see a 10x run in Degen.
Degen Update Mid JulyBottom liquidity target hit, Looking for resistance at higher targets.
Lot of degen locked fo 3 months.
Will be interesting to see what happens next
Degen updateHad to switch to a uniswap chart for more data. Adding older local top/orderblock buy levels.
The .012 buy triggered, the dump was drastic and I added a manual buy at lower levels.
We are up over 50% from the law, let's wait to see if we print a great bullish candle on the weekly.
we could get back to .02 level,which is an 80% increase from current ones.
Could be a good trade, I am bullish on degen too, I might just sell a portion to buy back in case we drop further.
DEGEN Base Pattern BreakoutBullish reversal breaking out and confirmed. DEGEN is more than a MEME play with bullish potential in this crypto cycle.
