Context
Ascending dynamics gradually occupies the crypto market and one of the main recipients is none other than a deep protocol, a relatively discreet project in the ecosystem. While most cryptocurrencies record an average increase of 8 %, Deep shows 72 % years in one day. The show that asks: What drives tokens so violently up?
Deep, best power from top 100
During the last 24 hours, the Deep token has issued from 0.11 to $ 0.1965, an increase of 77 %. According to CoinMarketcap data, more than a week of crypto increases even 154 %. This magnificent performance allows Deep to delete a large part of the losses accumulated at the beginning of the year.
However, these assemblies are not caused by chance: after the highly expected launch of Deepusdt’s permanent contracts on Futures Binance, announced on April 22. It offers the effect of the lever up to 50x, this new trading pair immediately attracted the aggressive crypto of Merchants and Hedge Funds, always on the view of the volatility.
The result was not long in arrival: the volume of exchange on a deep explosion in 225 % in 24 hours, flirting with a billion dollars. The announcement therefore acted as a catalyst, doping liquidity and reviving a taste for derivative products.
🚨 $ Deep I just went parabolic – by 150% this week!
Pump? Driven by two catalysts:
1⃣ Extract Futures Binance $ Deep With 50x lever effect 2⃣ market escape adds fuel to fire@Deepbooksuiui is now one of the hottest games @Suinetwork . Is it just the beginning?… pic.twitter.com/fbhrjbzzwm– Suis Corner (@suicorner) 23 April 2025
Add to this a favorable macro context: the more helpful Tone of Donald Trump to Jerome Powell, in combination with apparent relaxation with regard to China, he offered additional support for risk assets, including altcoins such as Deep.
What do we know about this crypt?
Crypto Deepbook is a centralized decentralized book of orders (Clob) completely on the chain built on the blockchain su. It uses SUI’s parallel architecture and its low costs to offer fast, efficient and low -grade trading platforms. As a native Liquity SUIS layer, Deepbook offers detailed checks on orders, better prices and focuses on a more sophisticated audience than conventional AMM.
If the foundations are still young to justify the permanent revaluation of the token, the technical analysis will send clear signals.
The analyst @nihilusbtc, well known to X for his technical analyzes, expects a confirmed bull conversion. On its 4h Graph of Perpetual Deepusdt (Bybity), there is a pure turning point from the declining trend line for the crypto, often considered a strong technical signal.
Bull. pic.twitter.com/1jytn1slps
– Nihilus (@nihilusbtc) 22 April 2025
The proposed price target exceeds $ 0.30, which is an increased potential greater than 50 % from the current level of $ 0.1968. The structure on site evokes a rounded background formation supported by volume renewal, indicating the impulsive movement if the dynamics is maintained.
Morality History: You want to doken that pumps, we don’t ask if it deserves it.
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