DEGO is showing strong momentum after a sharp expansion, now testing how much of that move can be sustained.
• Price is holding around 0.297 USDT, up ~15.5% on the day, maintaining strength after the recent push from the 0.249 base.
• The move peaked at 0.313, where a clear rejection wick formed — signaling profit-taking at higher levels rather than a clean breakout.
• Trading activity remains solid, with $4.37M USDT) in volume, supporting the validity of the move.
• On the 1-hour timeframe, price is trading well above the EMA(9) (0.284) and EMA(15) (0.280), with both averages starting to fan out — a sign of strengthening bullish momentum.
• Support is forming around the 0.284 → 0.280 zone, while resistance remains at 0.313, which needs to break for continuation.
Overall, DEGO is in a bullish continuation phase with early signs of resistance. Momentum is still strong, but the rejection at the highs suggests the market may need brief consolidation before attempting the next move.
