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 —
DEGOUSDT - SHORT BIAS AMID WEAK CRYPTO MARKET CONDITIONSSymbol - DEGOUSDT
CMP - 1.970
DEGOUSDT attempted to break its prevailing trend but encountered significant resistance and was further impacted by a weak cryptocurrency market. The downward movement may persist.
Following the breakout from the descending channel's resistance, a bullish momentum of
#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
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy