The analysis revealed that DEGEN was testing this resistance, which if surpassed, could signal a strong uptrend.
has been in a 20% decline in the past 7 days although it reignited hope as of press time with 6% gain in the last 24 hours.
The trading volume showed an increase concurrent with the price surge, a bullish indicator supporting the possibility of further appreciation if momentum above the crucial resistance sustained.Market sentiment appeared optimistic as DEGEN aimed to establish new highs, with targets set towards and above the $0.072 price levels.
The graph clearly showed that as the inflow increased, DEGEN’s price moved upward, peaking when inflows were at their highest fueling the potential of a new ATH.However, after the peak, despite continued large holder activity, the price began a gradual decline. This indicated that while initial large inflows corresponded with price increases, subsequent investments have not been able to sustain the upward momentum.
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