DEEP experienced a 900% rally in the first week of launch. There is a correction forming for DEEP as Bitcoin and Altcoins experience a pullback. DEEP is down 20% so far today, and this could be a buy opportunity for those looking to add more. I prefer to buy around the yellow trendline, which gives a target of $0.055. However, DEEP could rebound here without reaching the yellow trendline. I have $0.095 as a key resistance level on the way up. It’s possible for DEEP to reach new all time highs this week, but for now I would monitor for a rebound around $0.065 or $0.055.
DEEP Likely to Rebound at $0.055
DEEP has reached my price target at the yellow trendline. There is excessive selling taking place here, but I think DEEP could form a bullish rebound around $0.055. The price is below the yellow trendline and could form a wick back up. If the $0.055 support line doesn’t hold, my next key support target is $0.041.
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