DeepBook Protocol (DEEP) is exhibiting signs of a bullish reversal as it maintains crucial support around $0.1023. The token has surged 12% today, forming a falling wedge pattern on the daily chart, indicating a potential end to selling pressure. Bulls are actively defending this support level, and a close above the 100-day moving average at $0.1398 could confirm renewed upward momentum.
A successful breakout above the wedge resistance could propel DEEP to higher price levels. However, failure to break through may result in a retest of the support trendline, testing the strength of the current bullish sentiment.
DeepBook Protocol (DEEP) Eyes Bullish Reversal with Key Support
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