DEEP Price Soars as Bullish Rally Targets $0.30

DEEP price continues its explosive rally as it breaks through key technical levels with surging momentum. Over the past 24 hours, DeepBook Protocol’s (DEEP) token has surged more than 35%, currently trading around $0.23 with a nearly 400% increase in volume. The substantial breakout began on April 22 when DEEP burst from a consolidation range between $0.05 and $0.10, fueled by Binance’s launch of a USD-margined perpetual contract offering up to 50x leverage. This catalyst pushed the price from an opening level of $0.08984 to an intraday high of $0.1849—a 105% surge in a single day. The rally was further accelerated on April 23 following DEEP’s listing on South Korea’s Upbit, which helped achieve a new intraday high of $0.2315 before a brief consolidation. With strong signals from technical indicators such as a bullish MACD crossover, expanding Bollinger Bands, and an RSI in overbought territory, the token is now facing resistance around the $0.25-$0.26 zone, while bulls set sights on reaching between $0.28 and $0.30. Despite some potential for short-term pullbacks due to overextension, the overall market sentiment remains firmly bullish.