$Degen Prediction! Daily Chart
Hello Traders,
I've been closely tracking the Degen chart since May of last year, and I’m excited about the recent developments. After a period of low volume last November, we're now seeing a significant uptick over the past few days. When I analyzed the chart, the price was at $0.0136, and the volume was surging.
I'm anticipating at least a 60% gain! The key decision point lies in the $0.020 to $0.023 range. If we can break through this crucial zone, there’s potential for the price to reach $0.030 or even higher.
Currently, the RSI sits at a robust 57 points on the daily chart, indicating ample room for growth. With moving averages showing a strong bullish trend and oscillators remaining neutral, the outlook is promising! I see a good opportunity but make sure to do your research!
I've been closely tracking the Degen chart since May of last year, and I’m excited about the recent developments. After a period of low volume last November, we're now seeing a significant uptick over the past few days. When I analyzed the chart, the price was at $0.0136, and the volume was surging.
I'm anticipating at least a 60% gain! The key decision point lies in the $0.020 to $0.023 range. If we can break through this crucial zone, there’s potential for the price to reach $0.030 or even higher.
Currently, the RSI sits at a robust 57 points on the daily chart, indicating ample room for growth. With moving averages showing a strong bullish trend and oscillators remaining neutral, the outlook is promising! I see a good opportunity but make sure to do your research!
Note
Important note: If you plan to enter this action midway, wait for a pullback on the 4-hour chart for a safer entry. It may not be significant, but still worth considering!!Note
A minor pullback has occurred on the 4-hour chart, bringing the price down to just below $0.014. This may or may not be sufficient for the current trend. Predicting an extremely bullish setup for a rebound is challenging, as prices have been operating at an RSI of 80+ for an extended period on the 4-hour chart. Currently, we could either pull back to the low to mid $0.13 range or rise to about $0.016-$0.018, where we might consolidate for a while. At least, this situation provides safer entry opportunities below $0.014, but these may not last long! !!!EXTREMELY BULLISH CHART!!!Note
Good news! Degen has consolidated around $0,014 range and appears to be preparing for another strong move. The RSI on the 4-hour chart is still above 70 basis points. When a coin becomes extremely bullish, this is a very positive sign. Now, moving above $0.016 should be an achievable target.
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