Technical analysis by The_Alchemist_Trader_ about Symbol DEGEN: Buy recommendation (5/26/2025)

DEGENUSDT has made a strong impulsive move and is now entering a corrective phase. All eyes are on a critical support zone where the next big reaction could determine the direction of the next 250%+ move.Key Highlights:Support Confluence: Point of Control + Daily Support + 0.618 FibonacciUpside Target: 0.014 weekly resistance = 255% potential upsideBearish Scenario: Breakdown would shift focus to the value area lowFull Analysis:DEGENUSDT recently completed a strong impulse to the upside, signaling renewed interest and momentum in the asset. Following this move, price action is now in a controlled pullback phase — but it’s not random. The chart shows that DEGEN is now approaching a key technical region made up of the Point of Control, daily support, and the 0.618 Fibonacci retracement level. This triple confluence zone is where the market could establish a higher low and gear up for the next breakout.If price shows strength upon retesting this area, the probability of a sharp rally increases significantly. The next major resistance sits at 0.014 — a weekly level that also aligns with previous consolidation zones. If this move plays out, traders could be looking at a 255% upside.However, failure to hold this support would be a clear bearish signal. In that case, the value area low becomes the next probable downside target, and bullish momentum would be temporarily invalidated.