DeepBook: Persistent selling pressure drives losses as resistance caps rebounds

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DeepBook slides 7.67% to $0.02804 today

Highlights

Coinbase has added DeepBook (DEEP), the native token for DeepBook Protocol, to its official asset listing roadmap, signaling increased recognition within the Sui blockchain ecosystem.
The roadmap inclusion of DEEP affirms growing market infrastructure support and may enhance token visibility and liquidity on major crypto exchanges.
DEEP trades at $0.02804, well below key MAs (MA-20: $0.03744, MA-50: $0.03958, MA-200: $0.09094), with persistent selling pressure and a high probability (>80%) of further declines.

Coinbase roadmap addition boosts DeepBook’s market profile

Coinbase has added DeepBook (DEEP), the native token for DeepBook Protocol, to its official asset listing roadmap. This development highlights increased recognition of DeepBook within the Sui blockchain ecosystem and broader crypto market infrastructure. The roadmap inclusion was confirmed via Coinbase's public channels.

Bearish momentum persists as resistance holds and indicators flag oversold

Technically, DEEP is capped by the Ichimoku Kijun resistance at $0.04306, with no firm support visible immediately below the current price. The MACD indicates a clear sell, while the ADX shows moderate downside strength. Oscillators signal oversold conditions — the RSI is at 35.2 and CCI at -104 — and sellers are in control as negative Bull/Bear Power and a declining Awesome Oscillator reinforce the bearish short-term outlook.

Downside risk prevails as price base faces volatility challenge

For the next five sessions, DEEP's expected trading range is $0.025–$0.032, reflecting typical volatility and the current price base. Continued declines are highly probable, with the main scenario being sideways movement within this band as sellers and buyers compete. A breakout above $0.032 could prompt a move toward the Ichimoku Kijun near $0.043, but this remains unlikely without a momentum reversal. A drop under $0.025 would expose further downside due to the absence of robust support.

Anton Kharitonov, expert at Traders Union, sees DeepBook (DEEP) facing consistent bearish pressure, with prices unable to reclaim key moving averages. He notes that technicals remain weak, and news of Coinbase roadmap inclusion has not altered the current downtrend. Kharitonov expects sideways-to-lower movement to persist unless momentum definitively shifts. "Until DEEP breaks above $0.032 and closes strong, my outlook remains defensive and I see no reason to chase the upside."

Previously it was reported that DeepBook remains entrenched in a bearish structure, trading well below all major moving averages with persistent downside momentum confirmed by sell signals from the MACD, weak ADX, and a near-oversold RSI. While minor rebound potential exists due to deeply oversold readings, resistance at $0.04306 and dominant negative momentum continue to cap recovery odds with risk skewed toward further downside within the current volatile trading band.

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.