DeepBook: Downside pressure and volatility fuel extended price drop

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DeepBook slides 7.71% to $0.03051

Highlights

DEEP is trading at $0.03051, significantly below its MA-20 ($0.04351), MA-50 ($0.04063), and MA-200 ($0.09509), confirming sustained bearish pressure.
Momentum indicators remain negative with the MACD and Awesome Oscillator in bearish trajectories, while RSI and Stochastic RSI are fully oversold near 35.
The short-term trading range is set at $0.0280–$0.0340, with a probability of a price increase under 20% and uniform weekly 'Sell' signals.

Downside risk prevails as sellers dominate amid weak trend signals

Technical analysis highlights deep bearish pressure as DEEP trades below all its major moving averages. The closest dynamic resistance sits at the Ichimoku Kijun level ($0.04626), while absence of clear support signals ongoing downside risk. Bearish momentum is confirmed by a negative MACD on both daily and weekly timeframes, an ADX below 25, and a slightly negative Bull/Bear Power, all indicating a lack of strong trend convictions and dominance by sellers intraday. With RSI near 35, Stochastic RSI fully oversold, an oversold CCI, and a negative Awesome Oscillator, indicators collectively underscore persistent downward pressure and growing seller exhaustion.

Sideways bias likely with low odds for rebound amid persistent selling

Looking ahead, the expected short-term trading range should narrow to $0.0280 – $0.0340 to align with typical volatility around current levels. The likelihood of a price increase is very low (less than 20%) as all weekly indicators continue to signal 'Sell,' suggesting prolonged downside. The base case is sideways consolidation within this band; a move above $0.0340 could initiate a squeeze toward nearby resistance at $0.0350, but a drop below $0.0280 would open the path to further declines.

Viktoras Karapetjanc, leading analyst at Traders Union, sees DEEP under sustained pressure with sellers dominating the short-term action. He believes bearish momentum should continue, given negative signals from all weekly indicators and the absence of bullish sentiment or supportive news flow. The analyst expects price to consolidate in the $0.0280 – $0.0340 range, with a low probability of a reversal before major resistance is reclaimed. Upside potential remains limited while macro sentiment and technicals align to the downside. "A break above $0.0340 could trigger a relief rally, but the odds still favor sellers as long as momentum remains this weak."

Last time, analysts noted that DeepBook is trading significantly below its short-, medium-, and long-term moving averages, with all key momentum indicators—including MACD, RSI, and ADX—signaling a persistent bearish trend and no signs of immediate reversal. The lack of meaningful support and the proximity of dynamic resistance at the Ichimoku Kijun highlight elevated downside risks, with current price action favoring continued consolidation or further declines.

Source of Data: DEEP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.