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The DeepBook Protocol price surged 7% in the last 24 hours to trade at $0.1879 as of 3:15 a.m. EST on trading volume that soared 306% to $162.57 million.
DeepBook Protocol Price Prediction
While DEEP’s price is controlled and relatively stable on a weekly chart, its daily performance gives off a different impression. In the last two days, the token saw a slow decline, followed by a sharp surge, then a similarly large correction, followed by a period of stability. After that, it dropped again, only to see another sharp price increase.
Its Bollinger Bands have also gone from consistently wide to seeing a major widening, to a massive tightening, without following any particular pattern. At the time of writing, the bands are widening again due to a surging price which is pushing the upper band further up. This is a bullish signal that might attract buyers.
DEEP/USDT chart analysis (Source: TradingView)
The project’s Relative Strength Index (RSI) has shown a little more consistency, seeing fluctuations between the oversold zone and the neutral area on May 3, followed by a rise deep into the overbought zone on May 4, when the RSI reached nearly 80.
That was followed by a sell-off which pushed the metric down to the neutral zone again, and it spent the rest of the day around 50. However, the start of May 5 first brought a decline to the oversold zone, and then a rise to the overbought one, as traders moved in to get DEEP at a lower price.
With RSI currently at 70, the token could decline if traders engage in another sell-off.
Promising Alternative To DeepBook Protocol
With DEEP likely to see another price rejection soon, investors are turning to Best Wallet (BEST).
BEST is a token that will unlock Best Wallet’s full potential, and bring numerous benefits to its holders. The wallet already has a lot to offer on its own, such as the ability to store thousands of cryptocurrencies that run on 60+ different blockchains, or connect other wallets to it and easily manage scattered funds from one place.
The platform even offers a native launchpad that has already rolled out several tokens, such as WEPE and PEPU, each of which saw a massive price surge after going live. Now, the launchpad offers BEST.
By simply holding BEST, investors unlock lower trading fees, higher staking rewards, early access to new tokens, the ability to join community governance, and more. Even ClayBro, a crypto YouTuber with over 136k subscribers, has been highly optimistic about the project.
In a recent video, he urged his subscribers to invest in BEST for its massive potential, as Best Wallet continues to top the lists as the best crypto wallet in 2025.
So far, the BEST ICO raised over $11.97 million, and is just about to hit $12 million raised. The BEST token is still selling for only $0.024975, but investors will want to buy before the next presale price hike in less than 12 hours.
Buy BEST while its price is still low.
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