Currently, DEEP/USDT is testing a major support area around 0.110 – 0.131 USDT (yellow box). This zone has acted as a strong demand level several times in the past, making it the key decision point: will price rebound toward higher resistance levels, or will it break down and extend the bearish trend?
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🔹 Price Structure & Pattern
Earlier this year, DEEP reached a high of 0.34498 before facing a sharp correction.
Since May, the chart has been moving in a sideways range, but with a clear pattern of lower highs — showing ongoing selling pressure.
The yellow box (0.110 – 0.131) represents the main demand/support zone. Whether price holds or breaks this zone will define the next major move.
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✅ Bullish Scenario
If the support holds and price bounces:
Step-by-step upside targets:
1. 0.1767 → +35%
2. 0.2017 → +54%
3. 0.2228 → +70%
4. 0.3019 – 0.3428 → +130% from current levels
Bullish confirmation: a reversal candle (bullish engulfing / pin bar) with strong volume, or a daily close above 0.1767.
Strategy: Enter near support with a conservative SL below 0.095 to avoid fakeouts.
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❌ Bearish Scenario
If support fails and the daily close drops below 0.110:
Immediate downside target: 0.0900
Extended breakdown may push price toward the 0.0457 major low.
Bearish confirmation: strong daily close below the yellow zone with high selling volume.
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🎯 Conclusion
DEEP is at a make-or-break level. A rebound from support could trigger a rally of over +100%, while a breakdown might lead to a retest of its historical lows. Traders should wait for clear confirmation (candle + volume) before entering. Always apply strict risk management and avoid impulsive trades.
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#DEEPUSDT #Altcoin #CryptoAnalysis #PriceAction #SupportResistance #TechnicalAnalysis #CryptoTrading
---
🔹 Price Structure & Pattern
Earlier this year, DEEP reached a high of 0.34498 before facing a sharp correction.
Since May, the chart has been moving in a sideways range, but with a clear pattern of lower highs — showing ongoing selling pressure.
The yellow box (0.110 – 0.131) represents the main demand/support zone. Whether price holds or breaks this zone will define the next major move.
---
✅ Bullish Scenario
If the support holds and price bounces:
Step-by-step upside targets:
1. 0.1767 → +35%
2. 0.2017 → +54%
3. 0.2228 → +70%
4. 0.3019 – 0.3428 → +130% from current levels
Bullish confirmation: a reversal candle (bullish engulfing / pin bar) with strong volume, or a daily close above 0.1767.
Strategy: Enter near support with a conservative SL below 0.095 to avoid fakeouts.
---
❌ Bearish Scenario
If support fails and the daily close drops below 0.110:
Immediate downside target: 0.0900
Extended breakdown may push price toward the 0.0457 major low.
Bearish confirmation: strong daily close below the yellow zone with high selling volume.
---
🎯 Conclusion
DEEP is at a make-or-break level. A rebound from support could trigger a rally of over +100%, while a breakdown might lead to a retest of its historical lows. Traders should wait for clear confirmation (candle + volume) before entering. Always apply strict risk management and avoid impulsive trades.
---
#DEEPUSDT #Altcoin #CryptoAnalysis #PriceAction #SupportResistance #TechnicalAnalysis #CryptoTrading
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
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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.