$DEGO has taken a hit—do you think 0.0240 is the bottom or just halfway down? 🤔
Let me share my take first. Today, $DEGO closed at 0.0280 USDT, down 36.36% in 24 hours. It plunged from a high of 0.0470 to a low of 0.0240, with trading volume of just 353K. That’s not particularly high, suggesting buyers haven’t been placing many bids and the market lacks support, but we haven’t seen a panic-driven “mass exodus.” The price has rebounded by less than 20% from the 0.0240 low and is still far below the 0.0470 high. Today’s price action looks more like a test of support at the lows—it’s way too early to call it a reversal.
My view: For tonight’s session, whether 0.0240 holds matters more than where we are now at 0.0280. Until volume picks up, chasing a bounce carries more risk than waiting for confirmation. An asset like $DEGO, with relatively thin liquidity, can get swept up and down by a single wick, so don’t let intraday volatility dictate your moves.
Have you been watching the $DEGO order book today? Would you dare to buy at 0.0240, or are you sitting this one out? Let’s chat in the comments 👇 #DEGO #NightSessionRecap
Let me share my take first. Today, $DEGO closed at 0.0280 USDT, down 36.36% in 24 hours. It plunged from a high of 0.0470 to a low of 0.0240, with trading volume of just 353K. That’s not particularly high, suggesting buyers haven’t been placing many bids and the market lacks support, but we haven’t seen a panic-driven “mass exodus.” The price has rebounded by less than 20% from the 0.0240 low and is still far below the 0.0470 high. Today’s price action looks more like a test of support at the lows—it’s way too early to call it a reversal.
My view: For tonight’s session, whether 0.0240 holds matters more than where we are now at 0.0280. Until volume picks up, chasing a bounce carries more risk than waiting for confirmation. An asset like $DEGO, with relatively thin liquidity, can get swept up and down by a single wick, so don’t let intraday volatility dictate your moves.
Have you been watching the $DEGO order book today? Would you dare to buy at 0.0240, or are you sitting this one out? Let’s chat in the comments 👇 #DEGO #NightSessionRecap