- DEGO Finance surged 35%, breaking out from an ascending triangle and reaching a high of $2.70.
- Support is holding at $2.49, which remains a critical zone for potential retests during market pullbacks.
- DEGO outperformed BTC and ETH, recording gains of 8.5% and 10.5% respectively over the same period.
DEGO Finance recorded a significant upward move recently, marking a 35% price increase and achieving its short-term target. Trading at $2.70 at the time of reporting, the token displayed strong momentum after clearing a well-defined resistance level.
This movement, measured from a breakout zone just below $2.00, follows a period of consolidation and an ascending triangle formation visible on the 4-hour chart. Market watchers have taken note as DEGO edges closer to its immediate resistance at $2.74.
Breakout From Ascending Triangle Signals Sustained Uptrend
Over the past few weeks, DEGO maintained higher lows, forming a steady ascending triangle against horizontal resistance. This technical pattern typically suggests bullish continuation, and recent price action confirmed that outlook. The breakout from the $2.00 region sent the token climbing, achieving its projected target range within a short span.
Source: (X)
The structure of the chart also reveals a mid-May consolidation zone, which acted as support during minor corrections. A previous measured move from early May showed a 29.49% surge, and the current leg mirrors similar strength with a 25.79% rise to date.
DEGO Holds Key Support as Eyes Turn to $2.74 Resistance
Current technical levels suggest that $2.49 serves as strong support. Buyers stepped in consistently around this price, maintaining the structure of higher lows. This level may remain critical if the token faces downward pressure. Any retracement to this zone could be viewed as a retest, depending on the overall market direction.
While volume has increased slightly, it still remains moderate, suggesting room for growth if broader interest builds. On the upside, the price faces immediate resistance at $2.74. Breaking this level may push DEGO into a higher trading range if momentum continues.
DEGO Outperforms Major Assets
In terms of relative performance, DEGO has shown strength against leading digital assets. Against BTC, the total gain was 8.5%. The gain against Ethereum was 10.5%. The fact that the token is outperforming means that interest in it remains high, even though market sentiment is mixed.
However, it is worth noting that DEGO still ranks at #667 by market capitalization. This places it among mid-cap assets , which often experience more volatility than larger-cap tokens. Overall, price action remains favorable, with short-term bullish structure intact as long as key support levels hold.
