DEGO Price Recovery Spurs Bullish Trends and Targets Near $23.10

Technical charts reveal DEGO reversing its prolonged downtrend, forming higher lows and higher highs, while volume spikes indicate renewed buyer strength clearly.

Market data shows DEGO trading at $1.98 with a 14.24% daily gain and a 31.41% weekly rise, signaling robust recovery momentum today.

MACD and RSI readings confirm bullish momentum as indicators support a move above $2.50, reaching short-term targets and a long-term level of $23.10.

Dego Finance (DEGO) shows a robust recovery as technical analysis points to a new bullish phase. The asset appears to be reversing its prolonged downtrend and may target a long-term level near $23.10.

Market Recovery and Trend Analysis

Technical charts indicate a clear reversal after a sharp upward move from an extended downtrend. A prominent trader in the crypto space, JavonMarks, observed that DEGO’s price is recovering strongly. His commentary pointed to the asset breaking out from an older resistance trend. The recovery phase suggests that the price is set for a potential run with an ambitious target near $23.10.

Analysts report that the price action now displays higher lows and higher highs. This change occurs after a period of declining prices. The technical patterns suggest that buyers are regaining control. The trend shift is evident from the breach of a descending trendline that once limited upward movement.

Support, Resistance, and Volume Dynamics

The analysis identifies a support zone between $1.50 and $1.70. This range has seen repeated bounces, indicating robust buying interest among investors. Resistance levels are marked between $2.30 and $2.50, where previous attempts to push higher were met with rejections. The identified levels provide a framework for understanding future price behavior.

Volume analysis shows noticeable spikes at key points near breakouts and strong support areas. Trading volume remains low during sideways consolidation. This pattern suggests that increased volume may trigger a stronger upward move. Market participants will closely watch volume changes as the asset stabilizes.

Technical Indicators and Price Projections

MACD analysis confirms a bullish trend with the blue line positioned above the orange signal line. The positive histogram reinforces the presence of rising buying pressure. Additionally, the RSI value stands at 63.28, supporting the possibility of further gains while remaining below overbought conditions. Technical indicators support the view of an emerging uptrend.

Source: TradingView

Price projections suggest that a sustained move above $2.50 could push the asset toward the $3.50 to $4.00 range in the short term. A continued breakout may eventually drive DEGO toward a long-term target near $23.10. Current market data and technical signals reinforce the positive trend observed in DEGO’s price action.

At press time, market data shows the price at $1.98 with a 24-hour trading volume of over $55 million. This data reflects a 14.24% gain in one day and a 31.41% increase over the past week.

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