DEEP's 35% Surge: Can It Keep the Party Going to a New ATH?

DEEP‘s trendline breakout? More like a trendline breakdance! Watch out for those market moves at $0.15
Traders cranked up their leverage to 11 (just kidding, but close) at $0.2217. Short interest? Yeah, it’s basically taking a nap.

Hold onto your hats, folks—DeepBook (DEEP) is making waves today! The price has just smashed through a downward trendline that’s been holding it hostage since January. Was this the signal for a potential market explosion? Possibly! But let’s not get too excited yet. 😏

After breaking out, DEEP found itself chillin’ around $0.15, like a cool surfer before the big wave. But look out, folks—it decided to catch that wave and went on an uptrend. Fast forward to now, and it’s surfing at a cool $0.22731. That’s a whopping 35% hike! Volume’s also jumping on the bandwagon, like it’s auditioning for a role in a Hollywood blockbuster.

The MACD (that’s the cool kid on the block for those not in the know) is also getting in on the action, crossing above the Signal line like it’s showing off. The positive histogram is flaunting a value of 0.01425 like it just won the lottery. 🤑

Now, DEEP’s eyeing its previous all-time high of $0.34588. If it can keep the momentum, we could be looking at some serious rocket fuel. If it breaks above $0.23 during this bullish phase, buckle up, because $0.34–$0.35 could be just around the corner!

But, hey, don’t get too carried away. If DEEP can’t hold above $0.23, it might just take a little detour back to $0.15. A resistance zone is now living there, and if it can’t defend its turf, brace yourselves for some bearish action targeting $0.10. 😬

Profit-taking is like that annoying friend who always wants to bring up “market volatility.” Expect some short-term corrections, even though the breakout and rising MACD are whispering sweet nothings about continued good times. 🙌

Volume near $0.23 is looking suspiciously like a pre-party gathering. Let’s just say, if DEEP breaks and stays above $0.34, we might just be seeing a new ATH. In the meantime, keep your eyes peeled. 👀

DEEP’s Liquidation Heatmap: More Fun Than a Roller Coaster!

AMBCrypto’s deep dive reveals something fascinating: when DEEP hit $0.2217, long leverage shot up like a rocket. We’re talking 5x to 15x leverage points—basically the high-stakes gambling of the crypto world. 😜

Long positions are stacking up like pancakes around $0.2208 to $0.2280. The leverage is climbing to peaks that could rival Mount Everest.

On the flip side, short sellers seem to be taking a nap, letting DEEP do its thing without much resistance. What’s going on here? Either the shorts are on vacation or they just don’t see the party coming. 🛋️

If DEEP keeps on its upward path, it’s going to force shorts to the liquidation table around $0.24 and $0.25. Get ready for a potential short squeeze, the crypto world’s version of a big, unexpected hug. 🤗

On the other hand, long traders who piled in at $0.2217 could find themselves sweating bullets if DEEP takes a dip to $0.22. That could bring some selling pressure, possibly sending prices all the way down to $0.21 or even lower. 😬

As of now, short selling is pretty much on life support near the current levels, supporting the idea of an uptrend. But, remember, crypto markets can turn on a dime, and a sudden market dip could come from those long positions stacked around $0.22.

2025-04-29 05:15

DEEP’s 35% Surge: Can It Keep the Party Going to a New ATH?

DEEP’s Liquidation Heatmap: More Fun Than a Roller Coaster!

Read More