Degen

Heading: news from the teacher 🧑‍🏫 The DEGEN token, ranked 238th in the overall rating of cryptocurrencies, attracted the attention of traders with recent price fluctuations. Currently, the asset is trading at $0.01954 after falling by 4.82% over the past 24 hours and is near critical support and resistance levels.

A crypto analyst under the nickname CryptoBull_360 noted that the technical indicators of the DEGEN chart indicate a potential "bullish" breakthrough of the token.

If DEGEN breaks through the resistance level, depending on the market dynamics, the price of the token may grow by 30-50%.

The current price movement is based on the historical DEGEN model, which is characterized by sharp jumps followed by a rollback, which corresponds to the current recovery trend. 

DEGEN's market capitalization is now $277.14 million. Despite this, open interest increased slightly by 1.03% to $36.75 million, which indicates a stable interest of traders.