📉 $DN (DeepNode) Performance Update 🧠
I’m tracking $DN closely and the chart shows a sharp reality check after early hype. Price printed an extreme spike near the top and then corrected hard, dropping close to 30 percent overall. That kind of move usually signals aggressive profit taking from early participants 🔴
Right now $DN is trading near its local bottom with very weak momentum. Price is below short term and mid term moving averages and volume has dried up significantly. That tells me sellers are mostly done, but buyers are still cautious 👀
Market cap is around 4.9M with over 36K holders, which shows strong distribution. Liquidity is decent, but trend control is still with bears until we see a clear reclaim and volume expansion 📊
This is not a chase zone. This is a patience zone. Either DN builds a solid base here or it risks more sideways grind before any meaningful recovery 🧠
I’m watching price structure, not emotions
What’s your view
Accumulation phase or more downside ahead 👇