Technical analysis by without_worries about Symbol DEGEN: Buy recommendation (9/16/2025)

After a significant 70% correction from its highs in May, DEGEN appears to be setting the stage for a strong bullish reversal. The above chart, prepared from observations on weekly and daily timeframes, indicates the correction has now concluded. Support and Resistance The former resistance level from March and April (2) has now been established as a support zone since early September. This "flip" from resistance to support is a classic technical signal. Trend Reversal A clear trend reversal is visible in both price action and the Relative Strength Index (RSI). Price action has broken out of its short-term downtrend channel, and the RSI has similarly broken above its own downtrend resistance, confirming renewed momentum. Bull Flag pattern A well defined bull flag pattern has formed on the daily chart. This is a continuation pattern that typically follows a strong, impulsive move (the flagpole). The current consolidation is the "flag," and it is expected to lead to another impulsive move equal in size to the first. Price Target and Forecast Flagpole Measurement: The first impulsive wave from its low to the recent high was approximately 340%. A repeat of this impulsive move from the base of the bull flag projects a price target of 1.5 cents. Assuming the next impulsive wave follows a similar duration to the first, we can anticipate this forecast is reached in approximately 35 days. Conclusion The technical setup for DEGEN is highly bullish. The combination of a confirmed support level, a trend reversal in both price and RSI, and the formation of a textbook bull flag pattern provides a high conviction long signal. Is is possible price action continues to correct? Sure. Is it probable? No Ww Disclaimer: This is for educational purposes and should not be considered financial advice. Always do your own research and manage your risk accordingly.Active on publication.