DEEP Token Defies Gravity—Breakout Rally Targets $0.30 as Bulls Take Control

Another day, another altcoin mooning while traditional finance bros refresh their Bloomberg terminals in despair. DEEP’s price action isn’t just climbing—it’s executing a textbook breakout with terrifying momentum.

Chartists are foaming at the mouth as the token smashes through resistance levels like a bull in a china shop. Liquidity pools? Drained. Short sellers? Rekt. The only thing hotter than the rally is the collective cope from ’diversified portfolio’ maximalists.

With $0.30 now in play, the real question isn’t if DEEP will pull back—it’s which overleveraged hedge fund will FOMO in at the top this time.

Before the explosive breakout from the $0.05-$0.10 consolidation range on April 22, DEEP price had already shown early signs of strength by breaking out of a multi-month downtrend. A descending trendline, connecting the lower highs from February through mid-April, was decisively breached around April 18–19.

Currently, DeepBook is trading around $0.23 with strong bullish momentum, as reflected not only in price action but also in technical indicators. The MACD continues to show a strong bullish crossover with an expanding histogram, indicating that bulls are in control. Bollinger Bands on the daily chart are expanding sharply, signaling increased volatility. RSI is deep in overbought territory above 84, suggesting that while momentum is firmly bullish, a pullback is coming.

From a structural perspective, the price is now approaching resistance around the $0.25-$0.26 zone, where it peaked briefly in early February. If the momentum continues, the next key target lies between $0.28 and $0.30, corresponding to the first lower high touching the descending trendline.

On the downside, immediate support can be found around $0.18 -$0.19, the former breakout zone from April 22. When DEEP price experiences an pullback, holding this support would be crucial to maintain the current bullish structure. A deeper retracement could find support around the $0.15, where the price briefly consolidated before its latest leg higher.