š„
$DEGO /USDT ā SUPPORT TEST UNDER HEAVY PRESSURE ā ļøš
$DEGO is showing clear weakness right now and the chart is flashing caution signals šØ
Price has dropped to 0.493, down -6.8% today, wiping out the recent bounce attempt.
š Daily chart breakdown (1D)
š§ Strong rejection from 0.54ā0.56 supply zone
š§ Sharp sell-off candle = sellers in control
š§ Previous higher-high structure has failed
š§ Momentum shifting back to bearish after short relief rally
š Key levels to watch
š» Immediate support: 0.48ā0.47
š» Major support zone: 0.45ā0.42 (last strong demand & swing low)
šŗ Resistance on any bounce: 0.52, then 0.55ā0.56
š Bigger picture damage
⢠90 Days: -46%
⢠180 Days: -57%
⢠1 Year: -81% š¬
This move looks like distribution after a dead-cat bounce š§
Unless
$DEGO quickly reclaims 0.52+ with volume, downside liquidity is still open.
āļø Market verdict
ā Not a confirmed bottom
ā ļø High volatility zone
ā
Only safe play = wait for support confirmation or clear reversal signal
Patience > FOMO
Let the chart do the talking šš§
#DEGO #CryptoAnalysis #Altcoins #Binance #MarketStructure