Is It Too Late To Buy DEEP? DeepBook Protocol Price Soars 45% And This Might Be The Next Crypto To Explode
The DeepBook Protocol price has soared 45% in the last 24 hours to trade at $0.0834 as of 3 a.m. EST on a 27% surge in trading volume to $124 million. DeepBook Protocol Price Indicates An Upcoming Bullish Rally The DeepBook price chart on the 30-minute timeframe reveals a strong upward price movement followed by a period of consolidation. Initially, the price surged from around $0.0556, indicating a sharp bullish move, which likely attracted significant interest from traders. This upward momentum led to the formation of a bullish pennant pattern, a continuation formation that suggests the potential for further upward movement after the consolidation period. The price is fluctuating within this narrowing triangle, with the resistance near $0.090000 and the support at approximately $0.08000. DEEPUSDT Analysis Source: Tradingview As the price approaches the apex of this pennant, it is primed for a breakout. If the price breaks above the resistance level of $0.090000, t...