Breaking: DeepBook Protocol ($DEEP) Surged 28% Amid Bullish FlagThe price DeepBook Protocol ( AMEX:DEEP ) token saw a notable uptick of 28% today amidst breaking out of a bullish flag pattern.
Built on the Sui blockchain, AMEX:DEEP coin has been on a bullish streak for the past 7 days with an uptick of 213.26% in 24 hours trading volume today. Similarly, the asset's market cap has risen 21.41% to reclaim the $700 million market cap.
As of the time of writing, AMEX:DEEP coin is up 6.23% trading within a bullish flag pattern. This altcoin has already broken the ceiling of the flag gearing for 80% surge.
About DeepBook Protocol
DeepBook is a decentralized central limit order book (CLOB) built on Sui. DeepBook leverages Sui's parallel execution and low transaction fees to bring a highly performant, low-latency exchange on chain. DeepBook’s main competitive edge is that it is fully on-chain.
DeepBook Protocol Price Data
The DeepBook Protocol price today is $0.234722 USD with a 24-hour trading volume of $465,843,629 USD. DeepBook Protocol is up 24.02% in the last 24 hours. The current CoinMarketCap ranking is #94, with a market cap of $717,779,555 USD. It has a circulating supply of 3,058,000,000 DEEP coins and a max. supply of 10,000,000,000 DEEP coins.
Deepbookprotocol
DEEPUSDT.P | Bullish Setup Brewing (Daily Chart)Timeframe: Daily
Analysis:
MLR Nearing SMA: The MLR (blue) is below but approaching the SMA (pink), hinting at a potential bullish crossover.
MLR > BB Center: MLR exceeds the Bollinger Bands Center Line (orange), signaling growing bullish momentum.
PSAR: PSAR dots (black) are below the price, supporting an uptrend.
No SMA 200: SMA 200 unavailable - proceed with caution.
Trade Idea:
Entry: Consider a long position at the daily close.
Stop Loss: Place SL at yesterday’s PSAR level to limit downside risk.
Follow Me: Follow me for exit or profit-taking opportunities.
Outlook: MLR is poised to take SMA, which could confirm a bullish surge alongside PSAR and BB support. Stay vigilant for the crossover or reversal signals.
Risk Warning: Not financial advice, trade at your own risk.