This Altcoin Listed on Binance Dropped Big! Here's the Possible Reason for the Drop!
Recent Altcoin Declines: Dego Finance (DEGO), an altcoin listed on Binance, experienced a sudden 50% drop in value, joining other altcoins like LEVER and OM that have faced similar declines recently.
Possible Causes of Decline: The reason for DEGO's sharp decline remains unclear, but speculation suggests that its support for USD1 liquidity on the BNB Chain may have influenced the market dynamics, potentially leading to fear, uncertainty, and doubt (FUD) among investors.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DEGO
Technical Sentiment Analysis for Dego Finance (DEGO) As of , Dego Finance (DEGO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEGO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEGO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dego Finance (DEGO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.162 | 0.222 | 0.286 | 0.346 | 0.41 | 0.47 | 0.534 |
| Fibonacci | 0.222 | 0.269 | 0.298 | 0.346 | 0.393 | 0.422 | 0.47 |
About DEGO
About the author
