$DEGO is currently trading around 0.371 USDT, showing -6.55% movement over the last 24 hours. After a sharp sell-off from the 0.40–0.405 zone, price has reacted strongly from the 0.363 support area, which aligns with the 24h low. This level is acting as a short-term demand zone.
On the 1H timeframe, the market structure shifted from a clean downtrend into a bounce attempt. We’re seeing long lower wicks and small-bodied candles after the drop, which suggests selling pressure is cooling off. Momentum isn’t fully bullish yet, but stabilization after a heavy dump often precedes a relief move if buyers step in with volume.
Right now, DEGO is in a decision zone. Holding above 0.365 keeps the bounce scenario alive. A reclaim of the 0.38 area would confirm short-term strength and open room for continuation toward higher resistance levels.
Trade Setup
• Entry Zone: 0.365 – 0.372
• Target 1: 0.384
• Target 2: 0.395
• Target 3: 0.405
• Stop Loss: 0.358
If price reclaims 0.38 with strong volume, we’re likely seeing a short-term trend reversal rather than just a dead-cat bounce. That move would shift momentum back in favor of buyers and increase the probability of a push toward the previous high zone near 0.40–0.405.
#MarketCorrection #USGovShutdown #dego