DEGO Price Dumped Hard – What Happened?🚨 DEGO Price Dumped Hard – What Happened?
Dego Finance ($DEGO) dropped over 40% today and here’s why:
🔻 Big Token Dump:
A huge amount of DEGO tokens (worth over $250K) was sent to exchanges — this caused heavy selling pressure.
💥 Record Liquidations:
Over $650K in long positions got liquidated — highest ever for DEGO!
⚠️ USD1 Stablecoin FUD:
DEGO recently said they bought the new USD1 stablecoin. Some users think this might be a risky or scammy move, adding more fear.
📉 Technical Rejection:
Price hit $2.70, then faced strong resistance and dropped fast. Bearish market conditions made it worse.
Stay alert! This is a high-risk zone — wait for stable support if you’re planning to enter.
Degofinance
#DEGO Entering on the confirmed breakout#DEGO Entering on the confirmed breakout from the Descending Channel. on 1 hr TF.
Descending channel breakouts are usually breakouts on upside.
We have marked up OBV bullish divergence which shows prices may go up.
We have marked up RSI bullish divergence which also shows prices may go up.
This is for educational purpose. Consult your financial advisor before invest in the crypto.
Cryptocurrency investment is subject to market risk. Manage your risk accordingly.
#Dego is good on-chain Finance project and it has combination of Defi+NFT protocol & infrastructure.