Affected by the global tightening of risk appetite, DEGEN has recently retraced from its high (0.0007500 USDT). In the short term, focus on the support range of 0.0007100–0.0007230. If trading volume improves and sentiment stabilizes, a rebound from the support level is likely. Otherwise, be alert to further declines if support is broken. In the medium to long term, technological innovations such as AI and quantum security are expected to enhance DEGEN's ecosystem competitiveness. It is recommended to remain cautious in the short term, monitor key levels, and allocate in batches to control risks.

Recent focus has been on global economic downturn expectations, cautious attitudes from key investors, and inflationary pressures, which have collectively pressured the sentiment of risk assets. Since DEGEN reached its daily high of 0.0007501 USDT on April 7th, it has retraced for four consecutive trading days, reaching as low as 0.0007102 and closing at 0.0007215 on April 12th. This indicates strong short-term wait-and-see sentiment and intensified selling pressure.

The news mentions large-scale AI investments and breakthroughs in quantum computing for crypto security, signaling accelerated industry evolution driven by emerging technologies. For DEGEN, integrating AI algorithms and quantum-resistant security solutions into metaverse, decentralized finance, or on-chain governance applications can inject continuous vitality into its ecosystem and enhance its long-term competitiveness.

From the daily chart structure, the 0.0007102–0.0007230 range has been tested multiple times and serves as the current key support, while the 0.0007500–0.0007600 range forms a short-term resistance zone. If macro sentiment stabilizes and trading volume rebounds, a rally may unfold near the support area. Otherwise, be cautious of further downside risk if support breaks. Investors are advised to manage positions in line with changes in sentiment and key price levels.

Degen

BoE: MPC Maintains a Cautious Stance – Rabobank

Euro-zone inflation probably jumped in April to the highest in 2 1/2 years as fallout from the Iran war squeezed economies across the currency area

USD/JPY: Supported but capped below 160 – DBS

The U.S. Attorney for Washington, D.C.: Will stop the investigation into Powell's Federal Reserve building costs.

The final value of the one-year inflation rate expectation in the US for April is 4.7%.

Bank of Canada to hold interest rates this year, show patience with energy inflation: Reuters poll

ECB: Rate hike call pushed to June – Rabobank

Economists raised their estimates for US inflation and said they expect only one Federal Reserve interest-rate cut this year amid elevated energy costs sparked by the Iran war.

The central bank and eight other departments: Prohibit providing online marketing services for virtual currency issuance and trading.

USD: Cautious tone into weekend – ING

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DEGEN price today is 0.00, with a live price change of -0.12 in the last 24 hours. Convert, buy, sell and trade DEGEN on Bybit-eu.

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