Support pressure at $0.01363: Can DeepBook avoid deeper losses?

Traders Union
All News
Crypto
DeepBook drops 7.76% today

Highlights

DEEP/USD remains under sustained selling pressure, trading below short, medium, and long-term moving averages on all timeframes.
Price fell 7.76% to $0.01415 and sits near the session low, with volatility elevated and all momentum indicators showing oversold conditions.
Price is projected to fluctuate between $0.01363 and $0.01467 in the next 2 to 3 days, with a high probability of further downside and a reversal seen as unlikely.

Bearish momentum prevails as indicators align below resistance

On the hourly chart, DEEP/USD is positioned below the MA-20 at $0.01485 and the MA-50 at $0.01507, with the long-term MA-200 on the daily timeframe well above at $0.02296. The Ichimoku Kijun level of $0.0148 marks immediate resistance. Momentum indicators continue to show bearish conditions: MACD is on Sell while ADX remains neutral, suggesting selling pressure without a strong directional trend. RSI, CCI, and Stoch RSI all signal oversold territory, indicating an extended downward move. Bull/Bear Power confirms intraday seller dominance, and the Awesome Oscillator further supports the downward trend.

Sideways price action expected amid range-bound volatility

In the short term, price action for DEEP is expected to fluctuate in the $0.01363 to $0.01467 range over the next 2–3 trading days. A move above the immediate resistance at $0.0148 would be required to trigger a bullish scenario, while a close below $0.01363 would likely extend the decline. The most probable scenario is for sideways movement within this range, given current volatility and persistent downside pressure.

Anton Kharitonov, expert at Traders Union, sees ongoing weakness in DeepBook (DEEP) as the asset trades below all key moving averages and momentum indicators remain bearish. He notes sellers dominate intraday, with no news offering support for reversal. The analyst is cautious, highlighting the risk of further downside if DEEP fails to reclaim $0.0148. "Until price breaks above $0.0148 and holds, there is no case for bulls — I remain on the sidelines."

Earlier, analysts noted that DeepBook remained under persistent bearish pressure with momentum indicators offering a mixed but generally cautious outlook. The current analysis reinforces this negative bias, as sustained weakness below the key resistance level increases the likelihood of continued range-bound trading and signals that a decisive break above $0.0148 is needed to shift the prevailing trend.

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.