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The DeepBook Protocol price surged 22% in the last 24 hours to trade at $0.03206 as of 08:06 a.m. EST on trading volume that plunged 36% to $43.4 million.
DeepBook Protocol Price Aims For A Trend Continuation
The DeepBook Protocol price has been bullish in the last two days. Yesterday, the $0.039 resistance allowed the price to move in what looks like an ascending triangle, according to data from GeckoTerminal.
DEEP has sustained its movements above the 50-day Simple Moving Average (SMA), which supports the bullish stance.
However, the RSI seems to be dropping below the 50-midline level, currently at 48, as it moves down, which is a sign that the bears are exerting pressure.
If this pressure continues, the DeepBook Protocol price may plunge to the 50-day SMA at $0.02791 support.
Meanwhile, the ascending triangle pattern may push the bulls to sustain the recent uptrend. In such a scenario, investors are eyeing a continued rally for the price of DeepBook, the $0.05 resistance in the long term.
Meanwhile, investors looking for cryptos on a similar upward trajectory to DEEP might want to consider a new meme coin casino project called Memebet Casino (MEMEBET Token), which has just hurtled past the $469K mark in its presale.
Memebet Token Soars Towards $500K – Next Crypto To Explode?
Memebet Casino, the first platform to allow investors to wager with meme coins, has blasted past $469k in funds raised in its presale.
Specifically designed for the “degen” community, Memebet Casino enables users to place bets using popular meme coins like Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK), and Floki ($FLOKI)..
Built on the Ethereum blockchain, Memebet Casino ensures a secure, transparent, and fair gaming experience. Its seamless integration with Telegram offers a no-KYC setup.
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— MemeBet (@Memebetcasino) May 23, 2024
Mathew Perry, a popular crypto analyst on YouTube with over 227K subscribers, says $MEMEBET token will explode in 2025.
$MEMEBET tokens are priced at $0.0259 right now. With a price hike coming in less than 3 days, interested investors should buy soon to lock in the best deal.
Buy the MEMEBET Token from the official website here.
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