Technical analysis by KevinSterling about Symbol DEGO: Sell recommendation (3/14/2025)

DEGOUSDT.P The market attempted to break the trend, but pressure from strong resistance zones, combined with the overall weakness in the cryptocurrency market, prevented further upside momentum.After breaking out of the descending channel, a 45% upward movement emerged. However, upon reaching the key resistance zone of 2.11 - 2.18, the price started to stall, forming a clear trading range. Short sellers remained in control, unwilling to surrender this area to buyers, leading to intense market struggle. After a prolonged battle, a false breakout of resistance occurred, triggering liquidations as the price dropped below 2.0, pushing buyers into a state of panic. If the price remains below 2.11 - 2.18, the downtrend could continue in the short or medium term, paving the way for a deeper correction.Resistance zones: 2.00, 2.18, and 2.274Support levels: 1.75, 1.584, and 1.359The overall market remains weak, with altcoins reacting strongly to Bitcoin’s local fluctuations—a clear indication of liquidity collection before a further decline. BTC has yet to reach its primary target, and the lack of bullish momentum across the broader market continues to put selling pressure on altcoins.