Degen Price Prediction: Base Token DEGEN Soars 64% In A Week, But Experts Say This Layer-2 PEPE Could Go Parabolic
The Degen price soared 64% in a week and 8% in the last 24 hours to trade at $0.008468 as of 00:25 a.m. EST on trading volume that surged 49% to $46.8 million. Degen Price Aims For A Continued Bullish Trend Reversal The Degen price has been on a sustained consolidation in September, trading within the $0.0050 range, according to data from GeckoTerminal . However, the $0.012 resistance allowed the bears to take control of the price, exerting pressure on the price towards a correction. After the significant price rally and subsequent drop, the price started to round off into what looks like a rounded bottom pattern, which is generally considered a bullish reversal pattern. The price has started to break upward after forming this rounded bottom, potentially indicating a resumption of the prior bullish trend. DEGEN now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the sentiment that the price of Degen is still on a bullish trend. Additionally, the...