The deep price is overpaid as a dueepbook dex volume

The pricing book continued the strong rally on Monday, skipped to the highest level of 1. February.

DEEPBOOK (Deeply) Token jumped to $ 0.2525, more than 400% from their lowest level this month, bringing their market hat to $ 693 million.

According to the Deficiency, the volume of the transaction shown in the deep network increased by 135% in the last seven days to $ 130 million. It led to a 30-day volume to $ 413 million and cumulatively total since its founding to $ 8.7 billion.

The strength of the deep book jumped over due to the current expensive Meme coins in SUI (SuiNetwork. Coongecko The data show that the total market cap of this coin rose by 2% in the last 24 hours to $ 203 million. The biggest winners include MIU, Lofi, Memefi and Sudeng.

Deep token also gathered after developers started upgrading V3.1, which introduced more functions directed to reinforce market share. The upgrade has added permissible pools, allowing everyone to create custom trading pairs.

It also enabled liquidations of third parties and allowed access, useful characteristics for margin trading protocols and liquidation bots.

In addition, the upgrade shifted the fee structure by reducing the download fees of 5BPS on 1BPS and 2BPS manufacturers at 0Bps on 0Bps. Furthermore, users no longer have to hold deep tokens to trade on the platform. Duepbook’s rally was further encouraged by listing on the upbit, the largest crypto quickly crypt in South Korea.

Technical analysis of price price

The daily shows that the deep token is below 0.04593 USD 7. April before recovering to high 0.2524 dollars. This recovery followed the formation of drop-down wedge samples – a popular signal for bakery reversion.

The Deepbook price has broken over 38.2% of retreated levels and moved above the 50-day average average, indicating that the bulls remain in control. However, there are signs of caution, as well as a relative strength index (RSI) and stochastical oscillator entered the territory with prevalence.

While the Ustkend can continue, there is a risk of short-term return, potentially according to a psychological support of $ 0.1360, which aligns with 61.8% Retrag13. The break up above the high on Monday, a $ 0.2525, suggested further winnings, potentially targeting at the available time in the amount of $ 0.3665.