DEGOUSDT Faces Near-Term Downward Pressure
I’m seeing a clear negative drift in DEGOUSDT with a notable price decline of around 1.63% in a short window. The current levels slide from approximately 1.2676 to 1.247, indicating selling pressure or a lack of buyers at this moment.
Volume remains a factor to watch: 3m volume is reasonable (roughly 90.2k) while the 24h figure sits around 5.92M, suggesting that the move could be driven by broader market sentiment or liquidity constraints rather than a large, executed capitulation. Given the rapid change and the explicit “dump” framing, risk management and tight stop considerations are prudent until there’s evidence of a reversal or a stabilization in price action.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.