DeepBook [DEEP] has kicked up its heels and sprinted 19% in a single day, as if the market woke up with a fresh pot of optimism brewing in the kitchen. Sentiment is shifting back toward the bulls, as though someone waved a flag and declared, “Carry on, the trend is agreeable.”
This brisk leap follows a spell of quiet price action, as if the market had been taking a long, unbothered nap and woke to find the room a tad more hopeful. With momentum building, the big question is whether this surge has legs long enough to wander further down the road.
Accumulation signals emerge from on-chain divergence
On-chain stats are waving a banner for the bullish case, according to the latest chatter. The divergence between DEEP’s adjusted price and Daily Active Addresses has clocked notable gains over the same period.
At the time of writing, the Adjusted Price DAA Divergence stood at 0.031 after a daily narrow margin surge.
In most cases, such divergence reads as investors growing a bit more convinced. Instead of chasing the next flashy blip, folks in the DEEP market seem to be laying out plans for a potential continuation.
If this investor behaviour persists, it could help sustain upward momentum.
Trading volume confirms strength behind the move
At the same time, DEEP’s trading volume has also responded to the price gain, showing a noticeable uptick over the same period.
Usually, rising volume alongside price validates a breakout, implying that the rally is backed by real participation rather than air and whispers. This minimizes the chance of a quick reversal and lends a bit of swagger to the notion of more upside.
Can DEEP test the $0.04 resistance next?
From a technical vantage point, the next pinprick on the horizon lies near the $0.04 psychological resistance. That price level was the last key inflection point that kicked off the recent bearish shuffle.
However, short-term consolidation cannot be ruled out. After a sharp daily gain, a brief wobble is not uncommon as traders notch some profits for themselves and their cats.
But the asset’s broader bullish structure remains intact as long as buyers defend recent support zones. The Stochastic RSI was in an oversold zone as of writing, which, in lay terms, is market-speak for “the crowd might be catching its breath.”
This suggests that the bullish run continuation is far from exhausted in the near term.
What’s next for DEEP
That said, DEEP’s rally appears bolstered by improving on-chain activity, rising volume, and accumulation signals. If these trends persist, a move toward the $0.04 level seems less like a whim and more like a reasonable forecast.
Final Thoughts
- DEEP’s adjusted price and active address divergence point to ongoing accumulation.
- Strong volume supports bullish momentum, keeping $0.04 firmly in focus.
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2026-02-03 16:39