CandleFocus DEGEN Token Nears Breakout: Could See 30%-50% Price Surge
2024-11-23
Author: Content Editor
The DEGEN token, ranked #238 in the crypto market, has been attracting attention due to its recent price movements. It is currently priced at $0.01954 after a 4.82% drop in the last 24 hours and is hovering near critical support and resistance levels. Technical indicators suggest a potential bullish breakout if the token maintains its trend above a resistance level. Crypto analyst CryptoBull_360 highlighted DEGEN's recovery from a significant support zone on lower time frames, indicating a potential rally. If DEGEN breaks above the identified resistance, it could see a price increase between 30%-50%. Despite a decline in trading volume, open interest has risen slightly, reflecting steady trader participation. However, the token's market volatility and liquidations highlight risks for overleveraged trades. Traders remain cautiously optimistic as DEGEN consolidates near key price zones, waiting for sustained buying activity and a breakout above resistance to confirm a bullish trend.
Related News
Grayscale’s Stellar Lumens Trust Filing Triggers 58% Hike in XLM Price Bitcoin ETFs see $2.4B inflows as China ETFs hit record outflows Polkadot: Why $11.96 can be next on the cards for DOT Report: FSA in secret crypto crackdown talks as Trump hype and Japan investment skyrockets Bitcoin 'wild' odds see 85% chance of BTC price above $100K by New Year SHIB Burns Skyrocket 49,464%: Here’s What’s Happening Dogecoin (DOGE) Prints 17% Rally, Is $0.8 Inbound? Analyst Who Nailed 2022 Crypto Collapse Issues Warning, Says Bitcoin Could Hit Local Top Any Time – Here’s Why What Scott Bessent, Trump’s pick for Treasury Secretary, means for markets Bitcoin (BTC) Price Top Near? CryptoQuant CEO Shares His Forecast Here’s why the crypto Altseason could start tomorrow Alameda Research Moves Millions in Polygon (POL) Tokens: Is a Sell-Off Coming? Cardano hits $1: Could this surge be just the start of an even bigger rally? Cardano (ADA) Price Prediction for November 23 Top 3 Artificial Intelligence (AI) Coins of the Third Week of November 2024 Ether price faces correction before rally to $20K in 2025 — Analysts President Trump plans for Kevin Warsh to replace Jerome Powell as Fed chair Michael Saylor Breaks Silence on Bitcoin (BTC) Price: Details Here’s why Stellar price is surging and why XLM may slip soon Cardano Price Prediction: ADA Price Breaks $1 Amid Renewed Crypto Optimism Crypto Whale Withdraws $6M in $ETH to Acquire 2.22 Trillion $MOG Tokens SOL, XRP lead top altcoins as EOS and MANA soar Ethereum (ETH) Price Prediction for November 23 XRP Price Prediction for November 23 Expert Predicts Timeline for XRP to Rise from $5 to $30 Dogecoin price analysis: here’s why DOGE could surge 60% Uniswap Daily Trading Volume Soars: Rally Towards $15 Next? VeChain Surges 134% in 3 Weeks, Setting Sights on Key Price Milestones Ahead Cardano’s Market Surge, ADA Nears $1.00, Analyst Forecasts Bullish Outlook Fed says US debt is the top threat to economic stability, criticizes stablecoins Millionaire Mentor Says XRP Will Never Go Below $1 Again Cardano Becomes an “A” Asset, Joining Bitcoin and Ethereum as the Only Occupants of the Elite Group Cardano breaches $1 mark: Factors fueling ADA’s rise Trader Says Top-10 Altcoin To Vastly Outperform Bitcoin and Ethereum, Hit New Record High Quicker Than Expected How to exploit volatility with trading on Bitcoin Bitcoin Prediction Market Signals $2.5 Trillion Market Cap by January 1st Ripple CEO Shares Good News With XRP Army As Trump Names Treasury Secretary Polygon's Ecosystem Token Is On The Rise And Is Targeting The High Of $0.60 Chainlink price prediction as LINK forms a rare bullish pattern How high can the Dogecoin price go? XR One and CARV Collaborate to Revolutionize Web3 Gaming Infrastructure Solana price prediction: here’s why SOL token will hit $8,000 Stellar (XLM) Leads Top Gainers List with 57% Surge Elon Musk Slams SEC After Scoring Partial Victory in Court, DOGE Founder Joins Him Avalanche price analysis: here’s why AVAX could surge 458% Court prolongs Tornado Cash developer Pertsev’s pre-trial detention MetaMask Mentions This Milestone for Shiba Inu and Dogecoin Pundit Shares 3 Ways to Address XRP Reserve Fee Issue as XRP Price Surge to $1.5 Raises Costs BitBoy Comments on SEC “Emergency Settlement” of Ripple Suit AI Tokens INJ, GRT, RENDER Lead Altcoin Rally With Bullish Breakouts What's Next for Crypto: SEC Examination Priorities in 2025 Cardano Unveils Updated Constitution as ADA Price Rises 12% From Code to $100K: Why Bitcoin’s Milestone Matters to Economics Namecheap Amasses $73 Million in Bitcoin Revenue With Over 1.1 Million Transactions Indian Official Expresses Doubts About Crypto: 'I Am Very Skeptical' Former Coatue Management exec co-founds new venture firm aiming to raise up to $500 million: report FTX Liquidator Transfers RAY Worth Millions To Binance Kraken Token Listing Roadmap Includes 19 New Coins Funding fees for perpetual swaps have surged to over 10%, even hitting 20% on major exchanges DEGEN Token Nears Breakout: Could See 30%-50% Price Surge ACT, PNUT Volatility: Binance’s Hidden Hand Revealed BTC and XRP Redefine Boundaries in US Crypto Regulation Australia Seeks Public Input on Crypto Tax Reporting Here’s How High Dogecoin Can Rise if DOGE Gets $50 Billion Daily Volume Headwinds for XRP: Why Market Conditions Could Trigger a Pullback Shiba Inu ‘To The Moon’: Lead Kusama Unveils Key Catalysts Short Sellers Get REKT as XRP Shoots up 25% in 24 Hours Top Analyst Says XRP Will Reach New ATH Sooner Than Expected VeChain Price Analysis: 684% Growth Potential as VET Targets $0.25315 SEC Unveils Plan to Compensate Investors in Mila Kunis' Stoner Cats XRP Price Prediction For November 23 Bitcoin Genius? Kiyosaki Backs Saylor’s Bold Strategy Tron’s Justin Sun Wins $6.2M Banana Auction, Reminds Us That Art Is Subjective (and Edible) XRP Gains Bullish Momentum Following Gensler Resignation News Here’s How High Dogecoin Can Rise if DOGE Gets $50 Billion Daily Volume Bitcoin Whale Accumulates $330 Million in BTC in The Past Four Days: Lookonchain Trump Reveals Plan for Crypto, Big Tech, and Immigration! Headwinds for XRP: Why Market Conditions Could Trigger a Pullback Shiba Inu ‘To The Moon’: Lead Kusama Unveils Key Catalysts Van Eck reissues $180K Bitcoin price target for current market cycle Explosive Crypto Day Trading Strategies: Unveiling Today’s Most Lucrative Digital Assets Crypto Market Alert: Altcoins Could Face 20-30% Declines Before Year-End Crypto Whale Sells $224M in $ETH After 8 Years of Dormancy Bitcoin Rally Stalling? Coinbase Premium Disappears as BTC Nears $100,000 Resistance Cardano Gains Steam: ADA Sights More Growth After Breaking $0.8119 Bitcoin’s $4.5B net outflows ignite bullish momentum, pushing prices toward $100K JPMorgan Chase Pays $40,000,000,000 in Fines and Settlements As US Bank Battles Hundreds of Ongoing Legal Challenges: Report XRP Set to Overtake BNB, Eyes on 35% Rally HTX Launches Convert: Easily Exchange Cryptos with Zero Fees Sui and Franklin Templeton Team Up To Drive DeFi Adoption: Details Crypto users were at risk 6 months after Apple promised system security Top Emerging Digital Currencies Redefining Financial Landscapes SEC Chair candidate Teresa Guillén wants to “make crypto great again” Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern MoonDog Teams Up with Aelf To Boost Next-Gen Blockchain Solutions Trump Nominates Pro-Crypto Hedge Fund Manager Scott Bessent as Treasury Secretary