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crypto.news 2025-05-26 16:31:34

DEGEN price prediction: Will key support at $0.00395 trigger a 255% rally?

DEGEN is flashing a familiar structure that previously triggered an explosive 300% rally. After a sharp 9.83% impulsive move, price is now correcting into a critical confluence zone, setting the stage for another powerful breakout, provided bulls defend support. After a rise of nearly 10% DEGEN ( Degen ) is currently in a corrective phase, but this is far from bearish. Price is approaching a key level that mirrors a previous fractal which led to a breakout exceeding 300%. This gives traders a high-probability setup to monitor, especially if DEGEN confirms a higher low in the coming sessions. The region around $0.00395 is technically significant and now acts as the decision point for whether the trend continues higher — or breaks down into lower territory. Key technical points Support: $0.00395 — confluence of Point of Control, 0.618 Fibonacci, and daily support Fractal Repetition: Current structure mirrors a past impulse-correction-expansion phase that led to 300%+ gains Structure Breakout: Downtrend has been broken, and DEGEN is now entering what appears to be an expansion zone DEGENUSDT (1D) Chart, Source: TradingView The $0.00395 level is the most critical zone on the chart right now. It represents the intersection of three key technical signals: the 0.618 Fibonacci retracement, the Point of Control, and a major daily support level. This confluence makes it a prime candidate for a higher low to form. If bulls hold this zone, the path of least resistance favors the upside. Adding to the bullish thesis is the repeating fractal structure. In a previous cycle, DEGEN experienced a nearly identical setup, a strong impulsive candle, consolidation range, then a retracement into the golden pocket before launching into a parabolic rally. The current price behavior suggests a similar expansion may be unfolding. You might also like: Bitcoin vs Strategy stock: which is the better buy? Moreover, DEGEN has broken out of its prior downtrend and likely completed a multi-week accumulation phase. Price is now entering what appears to be the expansion stage, a zone where large moves often begin. This transition, supported by technical confluence and a macro-level higher low, historically precedes strong rallies. What to expect in the coming price action If DEGEN holds above $0.00395, a higher low will be confirmed, validating the area as a potential launchpad. A bullish reaction here could quickly propel price toward the next resistance zone at $0.014, representing more than 255% upside. A breakdown below this key support, however, would invalidate the fractal and likely send price toward the value area low. The next 24–48 hours are pivotal. If bulls step in at this confluence zone, history could repeat itself. With multiple layers of technical alignment and a proven fractal setup, DEGEN appears well-positioned for a breakout, but only if the $0.00395 level remains intact. Read more: Bitcoin vs Strategy stock: which is the better buy?

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