Cryptocurrency Action: DEEP and Onyxcoin Soaring, Will They Break Out Again?
Stock price of DEEP skyrockets during breakout surge, targeting potential reach of $0.30.
In the world of cryptocurrencies, it's always game on with DEEP and Onyxcoin leading the charge. These digital assets are causing a stir, with their prices surging significantly. Let's take a closer look at their recent rallies and potential future advancements.
DeepBook's Explosive Rise: $0.30 in Sight?
DEEP price, backed by DeepBook Protocol, is on a roll, breaking through key technical levels with a burst of momentum. The token's price has skyrocketed over 35% within 24 hours, currently trading around $0.23. This surge follows the catalyst of Binance launching a USD-margined perpetual contract for DEEP tokens with up to 50x leverage. The price soared from $0.08984 to a staggering intraday high of $0.1849, marking a whopping 105% pump in a single day.
After a brief consolidation phase, DeepBook exploded again on April 27, and it's still climbing. The MACD, Bollinger Bands, and RSI all suggest bullish momentum, with resistance around the $0.25-$0.26 zone potentially marking the next key target. On the downside, support can be found around $0.18 - $0.19, the former breakout zone from April 22, and a deeper retracement might find support at around $0.15.
PENGU Plummets No More: $0.015 Ahead?
Prior to its breakout from the consolidation range, DEEP had already demonstrated early signs of strength by breaking out of a multi-month downtrend. With a brief consolidation phase between $0.05 and $0.10, DEEP price is now trading around $0.23. Adoption, trading volumes, and market cap changes are critical factors to consider when analyzing the potential for future rallies.
In the case of PENGU, holds an optimistic outlook, as its price approaches the $0.015 zone, potentially prompted by the potential approval of an ETF. However, a pullback is expected due to RSI being in overbought territory above 84.
As for Onyxcoin, there isn't specific information about its recent rallies or potential future price targets available. To get a clearer picture, it's recommended to check platforms like CoinMarketCap, CoinGecko, or cryptocurrency forums for detailed performance data and market analyses.
Always remember that the cryptocurrency market can be volatile, so it's essential to do thorough research and make informed decisions when investing in digital assets. Happy trading!
- The DEEP token, backed by DeepBook Protocol, is experiencing a surge, breaking through key technical levels and currently trading at roughly $0.23, having skyrocketed over 35% within 24 hours.
- The recent surge in DEEP's price can be attributed to Binance launching a USD-margined perpetual contract for DEEP tokens with up to 50x leverage.
- After a brief consolidation phase, DEEP has exploded again and is currently exhibiting bullish momentum, with resistance around the $0.25-$0.26 zone potentially marking the next key target.
- On the downside, support for DEEP can be found around $0.18 - $0.19, the former breakout zone from April 22, and a deeper retracement might find support at around $0.15.
- PENGU, another token, had previously demonstrated signs of strength by breaking out of a multi-month downtrend, and is now approaching the $0.015 zone.
- Despite this optimistic outlook for PENGU, a pullback is expected due to the RSI being in overbought territory above 84, suggesting potential volatility in the market.
