CandleFocus DEGEN Jumps 172% in 5 Days, Yet, This Risk Looms
2024-11-15
Author: Content Editor
The cryptocurrency, Degen, experienced a sharp increase in price by 172% in just five days, reaching $0.0218 after starting at $0.0079 on November 8th. This surge coincided with Bitcoin reaching new all-time highs. However, the $0.02 level was unable to hold, and the price may be at risk of a potential pullback. Degen broke through a resistance zone at $0.012 and had been steadily rising since early October. The Relative Strength Index (RSI) suggests the rally may be losing momentum, but the market structure remains bullish. Key support levels to watch are $0.015 and $0.0117, with targets at $0.0255 and $0.0316 if the rally continues.
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