DEEP rockets 35%—is this the launchpad to a new all-time high?

Another day, another altcoin making traders sweat. DEEP just ripped a 35% gain on the charts—now the crypto degens are all asking the same question: Is this the run-up to a fresh ATH, or just another pump before the inevitable dump?

Let’s be real—most of these ’breakouts’ end with retail investors holding bags while the whales cash out. But the chart doesn’t lie (until it does). That volume spike suggests either serious accumulation... or a well-timed trap.

Watch the order books closely. If DEEP can hold this level and flip resistance into support, we might actually have a rally worth chasing. Otherwise? Enjoy the 35% while it lasts—Wall Street’s algo traders certainly will.

Source: TradingView

If the price fails to keep its position above $0.23, then it might revert towards $0.15 – A level that has transformed into a potential resistance. The inability of $0.15 to defend its position would trigger intensifying bearish forces targeting support levels NEAR $0.10.

There seemed to be some risk near significant resistance zones as profit-taking activities would produce market volatility and short-term price corrections. This, although the trendline breakout and rising MACD hinted at positive continuation possibilities.

An analysis of the volumes close to $0.23 pointed to the need for close scrutiny before DEEP takes its next step. A break and sustained stay above $0.34 would see DEEP hit a new ATH on the charts.

DEEP’s liquidation heatmap

AMBCrypto’s analysis also revealed that the long position leverage hiked significantly when the price hit $0.2217. This was clearly indicated by spikes at 5x to 15x leverage points on the liquidation map.

Long positions accumulated mostly around the price range from $0.2208 to $0.2280. Especially as cumulative long liquidation leverage climbed to a notable peak.

On the contrary, DEEP appeared to be facing diminishing opposition from short sellers in the market.

Source: Coinglass

A sustained upward push from DEEP would trigger liquidation for shorts located at $0.24 and $0.25. This would enable a potential short squeeze, with its effects felt at $0.26 and $0.27.

Alternatively, Leveraged long traders positioned at $0.2217 may risk liquidation if DEEP falls to the $0.22-price level. This would intensify selling pressure until $0.21 and potentially, even lower.

At the time of writing, short selling activity near its prevailing trading levels were diminishing. This seemed to support the notion of a sustained uptrend in the market. However, a sharp market decline could occur from the densely positioned long trading position at $0.22.