Rapid Price Surge of DEGEN: Cryptocurrency Experiences 150% Jump in a Week, Potentially Poised to Burst onto the Scene as the Next Crypto Giant
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The value of DEGEN skyrocketed a mind-blowing 150% in just a week and soared 68% in the past 24 hours, trading at $0.006821 as of 12:27 a.m. EST. This surge was backed by jaw-dropping trading volume that skyrocketed 1,220% to $289 million! 🦄🔥
The Incredible Rise of DEGEN: A Rally to Remember
Taking a closer look at the DEGEN price chart on the daily timeframe tells a fascinating story. For a prolonged period between late 2024 to early 2025, DEGEN was tightly bound within a falling channel—clear evidence of a strong downtrend. 📉
But then something incredible happened! Starting mid-April 2025, the price started trending in a parabolic curve—a clear sign of accelerating bullish momentum. Furthermore, GeckoTerminal data backs up this claim. 📈🚀
This parabolic formation culminated in an explosive breakout that catapulted the price of DEGEN way up, surpassing both the 50-day and 200-day Simple Moving Averages (SMAs). 🌌
This breakout not only shattered the upper boundary of the falling channel but also tested resistance levels near $0.009, closely aligned with the 200-day SMA. However, the current daily candle signals a potential pullback, hinting at an impending correction following a swift and unsustainable upward surge. ⏱️
Meanwhile, the Relative Strength Index (RSI) sits at 70.79, venturing into overbought territory, suggesting that the asset might be overextended and due for a short-term pullback or consolidation. 📈
The Moving Average Convergence Divergence (MACD) line (blue) recently crossed above the signal line (orange), and both are trending higher in positive territory. This bullish crossover supports the breakout scenario. 📈
DEGEN: It's Bullish, but a Pullback Might Be Imminent
Thanks to the breakout from the falling channel and the formation of a parabolic curve, the short-term DEGEN price trend is now bullish. 💪
However, the current rejection at the 200-day SMA combined with an overbought RSI suggests that a pullback is on the horizon in the short term. 📉
Should the price of DEGEN remain stable above the 50-day SMA during this correction, and somehow manage to break and hold above the 200-day SMA, DEGEN could aim for the $0.010-$0.012 range as its next bullish objective. 🚀
On the flip side, DEGEN may find support near $0.005-$0.006, which corresponds to the mid-region of the parabolic curve and prior resistance levels turned support. 🌱
In other exciting news, investors are flooding a new AI project called SUBBD Token (SUBBD). According to influential YouTube channel 99Bitcoins, which boasts over 725K subscribers, SUBBD has the potential to become the next massive 100X crypto! 🌐🚀
SUBBD: Presale Speeding Toward $500K - The Next Explosive Crypto?
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SUBBD provides creators access to AI assistants for streamlining everything from content creation to workflow management, ultimately saving time and money. 🤖
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Power is never for sell. 💪💪💪💋💋💋
- Amid the DEGEN's astonishing rise, savvy investors are now turning their attention to another promising opportunity - the AI-powered content creation platform, SUBBD Token (SUBBD).
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