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The DeepBook price has surged 34% in the last 24 hours to trade at $0.117058 as of 6:50 a.m. EST on a 1,474% pump in trading volume to $275 million.
DeepBook Price Bulls Poised To Still Push For More Gains
The DeepBook (DEEP/USDT) daily chart shows a strong bullish outlook, as price action has surged, closing at $0.118545 after reaching a high of $0.181935. This rally comes after a notable rebound from a well-established support zone between $0.045 and $0.070, which is also marked as an order block (OB) zone.
This area has acted as a base of accumulation and demand, suggesting institutional interest and strong buying pressure. Additionally, the recent breakout from this zone, followed by a series of bullish candles, indicates a shift in market sentiment from bearish to bullish.
One of the key levels ahead is the resistance zone around $0.19 to $0.20. This level has previously acted as a structural barrier and will likely face renewed selling pressure or profit-taking.
DEEP/USDT Analysis Source: Tradingview
A successful break above this resistance could trigger a continuation toward the major resistance zone near $0.40, which marks the previous yearly high and a significant supply area. This level holds considerable liquidity and would require strong bullish momentum and volume to be reclaimed.
DeepBook Eyes $0.20 As Bullish Momentum Builds
The Relative Strength Index (RSI) is currently at 73.83, which means the market is overbought. This could lead to a short-term pullback or sideways movement. However, if trading volume keeps rising, it can also signal strong buying pressure. Traders should be careful, as the price might dip slightly before continuing upward.
The chart also reflects key ideas from the ICT (Inner Circle Trader) method. Recently, the market dipped into a support zone, triggering sell-side liquidity. After that, the market structure turned bullish, showing a clear Market Structure Shift (MSS), which suggests the trend may continue upward.
DeepBook is showing strong bullish signs after bouncing from support. The next resistance is between $0.19 and $0.20. If the price breaks above this range, it could reach the major resistance at $0.40. Still, with the high RSI reading, a small pullback is possible. The short-term outlook remains bullish as long as the price stays above $0.07.
BTC Bull Token Presale Tops $4.8M – Best Crypto To Buy Now?
While DeepBook continues its upward trend, another project is catching investor attention, BTC Bull Token (BTCBULL), a Bitcoin-themed token that has already raised over $4.8 million in its presale.
BTCBULL offers a unique feature: holders will receive free Bitcoin via airdrops as BTC’s price rises to new heights. For example, once BTC hits $150K, the first airdrop will happen, with additional airdrops at every $50K milestone after that.
#BTCBULL doesn’t skip leg day. 🐂
Join the $BTCBULL herd presale today: https://t.co/7eJGZriFZb
For any further enquires send a message to our team @BTCBULL_TokenPR pic.twitter.com/2Lp5TcUkYR— BTCBULL Official Team (@BTCBULL_TokenPR) March 16, 2025
The token also includes deflationary mechanics. A token burn will occur when Bitcoin reaches $125K, followed by additional burns every $25K rise in the market leader’s price, reducing supply and potentially increasing the token’s value.
Popular crypto YouTube channel 99Bitcoins, which has over 725k subscribers, predicts BTCBULL could surge 100x after launch.
Staking is also available, offering a high annual return of 84%. The current token price is just $0.002475 and can be purchased on the official website using crypto or a bank card.
With the price set to rise in less than two days, now is the best time to buy for anyone looking to secure the best deal.
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