{"id":587980,"date":"2024-10-16T15:50:10","date_gmt":"2024-10-16T15:50:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=587980"},"modified":"2024-10-16T15:50:10","modified_gmt":"2024-10-16T15:50:10","slug":"is-it-too-late-to-buy-deep-deepbook-protocol-price-surges-22-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-deep-deepbook-protocol-price-surges-22-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy DEEP? DeepBook Protocol Price Surges 22% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The DeepBook Protocol price surged 22% in the last 24 hours <\/span>to trade at $0.03206<\/span><\/a> as of 08:06 a.m. EST on trading volume that plunged 36% to $43.4 million.<\/span><\/p>\n

DeepBook Protocol Price Aims For A Trend Continuation<\/strong><\/h2>\n

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 <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

DEEP has sustained its movements above the 50-day Simple Moving Average (SMA), which supports the bullish stance.<\/span><\/p>\n

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.<\/span><\/p>\n

If this pressure continues, the DeepBook Protocol price may plunge to the 50-day SMA at $0.02791 support.<\/span><\/p>\n

\"DeepBook
DEEPUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

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Memebet Token Soars Towards $500K – Next Crypto To Explode?<\/h2>\n

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