🌎 DEGEN Eyes Breakout as Key $0.00395 Support Holds

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DEGEN is showing a familiar price structure that previously led to a significant 300% rally. Following a sharp 9.83% impulsive move, the price is now entering a critical confluence zone, setting the stage for a potential breakout—provided bulls defend key support levels.

Analyzing DEGEN’s Price Movement

After a nearly 10% rise, DEGEN is currently in a corrective phase. However, this should not be seen as bearish. The price is approaching a key decision point that resembles a previous fractal setup, which triggered an explosive breakout. This presents a high-probability trading opportunity for those monitoring the chart closely.

The region around $0.00395 is technically significant and serves as the decision point for whether the trend continues upward or breaks down into lower territory.

Key Technical Points to Watch

Support: $0.00395 — This level is a confluence of the Point of Control, 0.618 Fibonacci retracement, and daily support.
Fractal Repetition: The current structure mirrors a past impulse-correction-expansion phase that led to over 300% gains.
Structure Breakout: The downtrend has been broken, and DEGEN is now entering what appears to be an expansion zone.

Critical Zone: $0.00395

The $0.00395 level is the most important area on the chart right now. It aligns with multiple technical signals, including the 0.618 Fibonacci retracement, the Point of Control, and a major daily support level. This confluence creates a high-probability zone for a higher low to form. If bulls defend this area, the path of least resistance favors the upside.

Repeating Fractal Structure

Adding to the bullish outlook is the presence of a repeating fractal structure. In a previous cycle, DEGEN exhibited a nearly identical pattern: a strong impulsive candle, followed by consolidation, then a retracement into the “golden pocket” before launching into a parabolic rally. The current price action suggests a similar expansion phase may be developing.

Furthermore, DEGEN has broken out of its prior downtrend and appears to have completed a multi-week accumulation phase. The price is now entering what looks like the expansion stage—a period where large moves often occur. Historically, this transition, supported by technical confluence and a macro-level higher low, precedes strong rallies.

What to Expect in Upcoming Price Action

If DEGEN holds above $0.00395, this would confirm a higher low and validate the zone as a potential launchpad. A bullish reaction here could quickly send the price toward the next resistance level at $0.014, representing over 255% upside. However, if the price breaks below this critical support, the fractal setup would be invalidated, likely leading to a move 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 seems well-positioned for a breakout—provided the $0.00395 level holds.