![\"DeepBook](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/04\/DEEPUSDT_2025-04-22_13-53-55.png\")
<\/p>\nThe 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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DEEP\/USDT Analysis Source: Tradingview<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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