DeepBook holds the 200-day moving average: Support levels in focus
DeepBook (DEEP) is trading at $0.02189, marking a daily loss of 7.52%. The asset sits below its key short- and medium-term moving averages, while remaining marginally above longer-term trend markers.
0.01543
0.01746
Highlights
- DEEP/USD trades under key short- and medium-term moving averages while holding just above long-term support, showing ongoing seller control.
- Major momentum and volatility indicators register a bearish bias and oversold conditions, confirming strong intraday weakness without reversal signals.
- Over the next 2 to 3 trading days, DEEP/USD is projected to trade between $0.02105 and $0.02266, with a very high probability of a downward move.
Oversold technicals and resistance cap bearish impulse
On the H1 timeframe, DEEP trades below the MA-20 and MA-50, while holding slightly above the MA-200. The Ichimoku Kijun resistance stands at $0.02277. MACD and ADX both confirm a current sell setup, while RSI at 27.65 and CCI give additional oversold 'Sell' signals. Stoch RSI remains neutral. Bearish intraday momentum is reinforced by negative Bull/Bear Power, while the Awesome Oscillator does not reinforce the prevailing trend.
Further declines likely as support faces persistent selling
DEEP is expected to consolidate within a $0.02105 to $0.02266 range over the next two to three trading days. There is a very high probability of further downside, with a break below $0.02105 support triggering additional selling. A modest sideways scenario remains possible within this volatility band. A sustained move higher would require a close above immediate resistance at $0.02277.
Earlier, analysts noted that DeepBook had shifted to a more bearish short-term outlook, warning of downside risks if support levels failed to hold. The current technical setup reinforces this caution, with traders advised to monitor the $0.02105 support as a decisive threshold for potential further declines in the coming sessions.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
