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Is It Too Late To Buy DEEP? DeepBook Protocol Price Surges 22% And This Might Be The Next Crypto To Explode

Is It Too Late To Buy DEEP? DeepBook Protocol Price Surges 22% And This Might Be The Next Crypto To Explode

InsidebitcoinInsidebitcoin2024/10/16 17:17
By:Insidebitcoin

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

DeepBook Protocol Price Aims For A Trend Continuation

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 GeckoTerminal .

DEEP has sustained its movements above the 50-day Simple Moving Average (SMA), which supports the bullish stance.

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.

If this pressure continues, the DeepBook Protocol price may plunge to the 50-day SMA at $0.02791 support.

DEEPUSD Chart Analysis Source: GeckoTerminal.com

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.

Meanwhile, investors looking for cryptos on a similar upward trajectory to DEEP might want to consider a new meme coin casino project called Memebet Casino (MEMEBET Token) , which has just hurtled past the $469K mark in its presale.

Memebet Token Soars Towards $500K – Next Crypto To Explode?

Memebet Casino, the first platform to allow investors to wager with meme coins, has blasted past $469k in funds raised in its presale.

Specifically designed for the “degen” community, Memebet Casino enables users to place bets using popular meme coins like Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK), and Floki ($FLOKI)..

Built on the Ethereum blockchain, Memebet Casino ensures a secure, transparent, and fair gaming experience. Its seamless integration with Telegram offers a no-KYC setup.

Mathew Perry, a popular crypto analyst on YouTube with over 227K subscribers, says $MEMEBET token will explode in 2025.

$MEMEBET tokens are priced at $0.0259 right now. With a price hike coming in less than 3 days, interested investors should buy soon to lock in the best deal.

Buy the MEMEBET Token from the official website here .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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