The price of DeepBook continued a strong rally on Monday, rising to the highest level from February 1.
Deepbook (Deep) Token rose to $ 0.2525, 400% from the lowest level this month, delivering its market capitalization to $ 693 million.
According to Defi Llama, the volume of transactions processed on the DeepBook network increased by 135% over the past seven days to 130 million dollars. This brought a 30-day volume of up to 413 million dollars. USA, and the total total from the moment of creation of up to 8.7 billion dollars. USA.
The volume of DeepBook jumped out of the continuing rally meme in the Sui (SUI) network. Coingecko data show that the total market capitalization of these coins has increased by 2% over the past 24 hours to $ 203 million. The largest winnings are Miu, Lofi, Memefi and Sudeng.
The deep token also rallied after the developers launched the V3.1 update, which presented more functions aimed at increasing the market share. The update added pools without permits, which allows anyone to create user trading pairs.
He also allowed the elimination of third -party and without permits, useful functions for margin trading protocols and liquidation bots.
In addition, the update has laid out the payment structure due to the reduction of payments from 5 bit / s to 1BPS and the manufacturer from 2BPS to 0BPS. In addition, users no longer need to keep deep tokens to trade on the platform. The DeepBook rally was even more at the UPBIT list, the largest in South Korea, Crypto -Birge.
Deepbook v3.1 lives on @suinetwork
Useless pools. Lower board. Deeper liquidity.
This update marks the new era for Onchain Trading – intended for builders, traders and all between them.
Let’s figure it out 👇 pic.twitter.com/ke8zpmriwa
– DeepBook protocol on Sui (@deepBookonsui) April 16, 2025
Technical analysis of prices for DeepBook
The daily diagram shows that on April 7 in a deep token is $ 0.04593, and then bounced to a maximum of $ 0.2524. This recovery followed the formation of a fallen wedge scheme – a popular reversal signal.
The price of DeepBook has broken above the recovery level of Fibonacci 38.2% and rose above a 50-day sliding average, which indicates that the bulls remain under control. Nevertheless, there are signs of caution, since the relative force index (RSI) and the Stochastic generator entered the territory from the bite.
Although the ascending trend may continue, there is a risk of short -term rollback, potentially to the level of psychological support in the amount of $ 0.1360, which corresponds to the recovery level of 61.8%. A breakthrough above Monday of Monday of $ 0.2525 implies further profit, which is potentially aimed at $ 0.3465.
