Binance DEGOUSDT 2h Trend Prediction

Based on current market data, the DEGOUSDT price remains oscillating near the middle Bollinger Band; the implied price may fluctuate between 1.15 and 1.19 in the short term. The MACD is in negative territory with a death cross trend, indicating a possible short-term correction; however, combined with the large-volume holding sentiment being more bullish, further downward momentum appears insufficient. The RSI indicator shows a neutral stance, with no clear buying or selling momentum; considering the market structure, the price may enter a period of correction and consolidation. The current active buy-sell ratio and funding rate demonstrate a slight bullish bias, but no strong breakout signals are present; technical indicators suggest a consolidative pattern. Prices should monitor the dynamic support and resistance points S1 and R2; the current amplitude indicates market stability with no evident breakout intention. Given the possibility of ongoing short-term oscillation, it is advisable to observe price movements within support and resistance levels; breakthrough trades are not recommended. A relatively safer strategy is to monitor the price range and employ low-buy and high-sell tactics accordingly.