Technical analysis by Mike-BTD about Symbol DEEP: Buy recommendation (1/4/2026)

DeepBook is starting to show early signs of stabilization after a prolonged downtrend. Price has broken out of the descending channel and is now holding above prior lows. The recent consolidation looks constructive, with dips being absorbed quickly rather than sold aggressively. This area is acting like a base. If price can reclaim and hold above the nearby supply zone, it would signal a meaningful shift in structure and open the door for a stronger relief move. Failure to hold this level keeps the broader range in play, but as long as demand holds, risk-to-reward is improving. Watching for confirmation, not chasing.