$DEGEN is currently sitting on a strong support with a double-bottom formation, testing its 4-hour demand zone after a long decline.
A break of .010 resistance could hit its swing point at .014, in confluence with m_rvwap
I think it's a good idea to keep the $DEGEN chart on your radar to see the overall meme sentiment on Base
I am inclined to think that we might be nearing the bottom in terms of both price and sentiment.
It's evident that the focus is now shifting towards the Virtuals ecosystem, reminiscent of the vibe in Q1 2024.
A break of .010 resistance could hit its swing point at .014, in confluence with m_rvwap
I think it's a good idea to keep the $DEGEN chart on your radar to see the overall meme sentiment on Base
I am inclined to think that we might be nearing the bottom in terms of both price and sentiment.
It's evident that the focus is now shifting towards the Virtuals ecosystem, reminiscent of the vibe in Q1 2024.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.