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

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Degen Price: DEGEN Live Price Today | DEGEN Market Cap & Chart Analysis | Bybit-eu

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DEGEN price today is 0.00, with a live price change of -2.06 in the last 24 hours. Convert, buy, sell and trade DEGEN on Bybit-eu.

Track Degen live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

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