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Degen

BTC.D Crumbles: Is the Ultimate Altseason About to Begin ?!!?1. **BTC.D Drops → Altcoins Rise**: - BTC.D measures Bitcoin's market share relative to the entire cryptocurrency market. A falling BTC.D typically means capital is flowing from Bitcoin into altcoins, signaling increased altcoin strength. 2. **Recent BTC.D Context**: - The **rejection at 59.23% resistance** and breakdown below support (57.48%) indicate Bitcoin dominance is weakening. This often coincides with: - A **rotation into altcoins**, as traders seek higher ROI opportunities. - Altcoin outperformance during periods of bullish market sentiment or when Bitcoin consolidates. 3. **Supporting Indicators**: - **Volume Shift**: Rising altcoin volume (lower BTC.D) is a common precursor to an altcoin rally. - **RSI & CMF on BTC.D**: Weak momentum and capital inflow into altcoins align with BTC.D's bearish setup. 4. **Scenarios**: - **Altcoin Rally Catalyst**: If BTC.D continues breaking down, altcoins could capitalize, especially large-cap alts. - **Key Levels to Watch**: BTC.D support at 56.00%. If breached, altcoin dominance may rise sharply. Summary The current BTC.D setup hints at an ongoing **altcoin season** if dominance continues falling, provided overall market sentiment remains bullish.
CRYPTOCAP:BTC.DShort
by vagada
2
1CATUSDT Long Entry Signal Today for Degen TradersCurrent Situation: - Today, the **trading system generated an entry signal** as the **Parabolic SAR (PSR)** turned green, signaling short-term bullish momentum. - However, the price is still trading **below the 200-day moving average (MA)**, which remains a key resistance level. - A **daily close above the 200 MA** would provide stronger confirmation of a long-term bullish trend reversal. What to Watch: 1. **200-Day MA ($0.0037)**: - A daily close above this level would align short-term bullish signals with a long-term trend reversal. - Failure to close above the 200 MA could lead to further consolidation or even a pullback. 2. **Parabolic SAR Confirmation**: - The green dots below the price suggest bullish momentum is in play, which could drive the price toward the 200 MA. 3. **Volume and Momentum**: - Watch for sustained volume increases to confirm buyer confidence in pushing above this critical level. Recommendation: - **Conservative Approach**: Wait for a **daily close above the 200 MA** before entering or adding to positions. This would confirm the breakout and reduce downside risks. - **Aggressive Approach**: If already in a position, monitor price action closely. Keep stops tight, especially if the price struggles near the 200 MA. Conclusion: The signal from the **PSR turning green** is a promising sign of short-term bullish momentum. However, the **200-day MA remains a key resistance**, and a **daily close above it** would provide the perfect confirmation for further upside. Let me know if you'd like further insights or updates on this setup! 🚀📊
by vagada
Degen $degen #degen In the bigger picture like on HTF as in 1-day charts i think we are still grinding down and dealing with distribution/consolidation after this big move up last week. I think we might even go back down and retest the $0.0143 levels over the next several days or even as much as couple weeks. However, in the more near term like on a 4hr. time frame i think it looks like it might want to flush some shorts and go back up and retest some of these levels marked out up above. This could give great near-term opportunity to make some $ with clear current invalidation levels/SL etc. I think IMO that all of the top coins with community on the Base system will end up really shining at some point by the end of this cycle and if this is one that you are wanting to be in. Then this IMO is also a great place to begin to DCA into a spot long and HOPE for these dips I speak of to load up more. Remember that may not even happen and that we could end up with Eth running NOW/before you know it and this will be the LOW you want.
COINBASE:DEGENUSDLong
by rarebreed29
DEGEN Price Soars on Binance Announcement: What’s Next? Exciting news for DEGEN investors! On Friday, Binance announced the futures listing for $DEGEN, resulting in an impressive 43% price surge. But what does this mean for the future of the token? Let’s dive in. Key Highlights - Binance Futures Listing: Binance, a leading crypto exchange, revealed it would list a DEGENUSDT (USD-Margined) perpetual contract. This allows users to trade the asset with up to 75x leverage, significantly boosting potential gains. - Enhanced Trading Features: Binance will support Multi-Assets Mode for DEGEN, providing traders with more flexibility and improved risk management. A capped funding rate at +2.00% / -2.00% was announced, but changes could occur based on market conditions. - Market Reaction: Following the announcement, DEGEN’s trading volume skyrocketed over 100%. This bullish momentum, combined with investor interest, suggests potential for further gains. DEGEN’s Impressive Rally As of now, $DEGEN has surged 46%, trading at $0.02981. The token’s intraday trading volume reached $411.77 million, marking a 137% increase. This upward trend corresponds with the Binance announcement, indicating strong market confidence. Moreover, the token's futures open interest (OI) rose 43% to $37.58 million, while derivatives volume saw a 153% boost to $125.94 million. This data highlights a growing investor interest in DEGEN. Technical Outlook Currently, $DEGEN is up 10%, trading within a consolidating zone of $0.028. It’s attempting to overcome a bearish reversal to break past previous highs. The RSI is stable at 54, and there’s immediate support at $0.025. A breach below this could trigger a bearish trend. However, with the positive performance of BTC and similar assets, $DEGEN might break past its recent highs. What’s Next? Will DEGEN continue its upward trajectory, or will market corrections slow it down? As always, investors should stay informed and make decisions based on comprehensive analysis. Stay tuned for more updates as the market evolves!
COINBASE:DEGENUSDLong
by DEXWireNews
DOGEUSDT.PTo whom it may concern, This is DOGE, the biggest #memecoin in #crypto, with leverage up to 75x, so things could get risky. I’m watching the daily timeframe, and my outlook on this chart leans more bearish than bullish. The blue line is now acting as resistance, and based on price action, the black line could be the next support level to be tested. If the black line holds, it could push the price up toward the top black line. The volume adds some uncertainty, as steady levels could support a bullish move. 2 If you have any questions, feel free to ask. This is not financial advice. Stay safe and humble.
Short
by vagada
DEGEN Long Trade Setup: Potential for 60% Rally!Long DEGEN/USDT DEGEN has broken above the resistance trendline and is now trending above the 50 EMA. A potential rally from the current price could lead to a positive move for DEGEN. Entry: CMP or wait for the retest at $0.00722. Accumulation: $0.007 Stop Loss: $0.00659 Leverage: 5x Targets: $0.00853, $0.00935, $0.01010, $0.01088, $0.01178 Be sure to use proper SL and accumulate on any dips. Keep leverage low to avoid liquidation. Do your own research before investing.
Long
by Dexter_The_Trader
Pepe to hit new ATH this cycle with 350% gainThe chart displays a strong technical setup for PEPE (PEPE/USDT), featuring a Symmetrical Triangle formation alongside a repeating fractal pattern with hidden divergences in the RSI. Below is a detailed breakdown of the key elements and potential price targets: 1. Fractal Pattern & Hidden Divergence • A fractal pattern earlier in the chart preceded a sharp price increase, reflecting the asset’s parabolic movement during prior bullish cycles. • The hidden divergence seen in the RSI during that time indicated bullish momentum, with price making higher lows while the RSI formed lower lows. This was a strong precursor to the price rally, reinforcing the validity of the current fractal setup. 2. Symmetrical Triangle Formation • The chart shows a symmetrical triangle, a classic consolidation pattern that usually results in a breakout. • The price is currently coiling within the triangle, tightening toward the apex, signaling a potential breakout. If the breakout occurs, a substantial price movement could follow, likely to the upside due to the bullish divergences. 3. Hidden Divergence (Again) • The RSI reveals another hidden bullish divergence, where price maintains its lows while momentum picks up. This suggests a strengthening trend that could push the price higher once the triangle resolves. 4. Fibonacci Extensions & Price Targets • Key Fibonacci levels provide potential price targets for a breakout: • 1.272 Fib at 220%: This is the immediate breakout target, around $0.000002485587, offering a solid potential upside. • 1.618 Fib at 350%: This level, near $0.0000035396068, aligns with the prior fractal price peak. • All-Time High (ATH): The ultimate bullish target is around $0.0000018024355, which could be tested in the event of a sustained breakout. 5. Price Projections • Short-Term Outlook: PEPE is currently consolidating within the triangle. If it breaks to the upside, the immediate target would be around $0.0000018024355, which represents a 133% gain from the current price and aligns with the previous all-time high (ATH). • Medium-Term Outlook: After reaching the ATH, the next significant target would be the 1.272 Fib extension at $0.000002485587 (220% gain). This level is crucial as it often acts as a point of resistance during breakouts and can determine the sustainability of further upward momentum. • Long-Term Outlook: In the case of a major breakout, we could see PEPE pushing towards the 1.618 Fib extension at $0.0000035396068 (350% gain). This would mark a significant new all-time high and represents the full potential of this technical setup, especially if market conditions remain favorable for continued bullish action. Conclusion The combination of the Symmetrical Triangle pattern, hidden RSI divergence, and repeating fractals creates a high-probability bullish scenario for PEPE. The breakout targets include $0.0000018024355 (previous ATH), $0.000002485587 (220% extension), and $0.0000035396068 (350% extension). Watching for volume confirmation and market sentiment will be crucial to validating the breakout.
CRYPTO:PEPEUSD
by Blockbullder
DEGEN/USDT Breakout PredictionDaily DEGEN/USDT Analysis In the daily chart of DEGEN against Tether (DEGEN/USDT), the price has been moving within a descending wedge pattern. Recently, it made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 4.33% increase, there is a strong possibility of a breakout from this pattern. Technical Analysis: Descending Wedge: DEGEN has been consolidating in a descending wedge, which is typically a bullish reversal pattern. Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggests a potential upward breakout. Relative Strength Index (RSI): The RSI is at 27.47, indicating that DEGEN is in oversold territory and may be due for a reversal. Price Prediction: Based on the analysis, it is predicted that DEGEN will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.065096. This presents a good buying opportunity with a significant potential upside. Disclaimer: I am not a financial advisor, and these predictions should not be taken as financial advice.
Long
by Maxnalie