As Bitcoin aims beyond $66,000, Coinbase has announced the listing of DEGEN Coin. This news has sparked a rise in DEGEN’s price, driven by market optimism.
Implications of the Listing
Coinbase is set to activate DEGEN Coin trading tomorrow, expecting high activity. The listing may be postponed without sufficient liquidity. With Bitcoin seeing a 5% daily increase, the altcoin market awaits this eagerly.
Traders' Reaction to Price Movements
Following the listing announcement, DEGEN Coin’s price surged to $0.01214 but faces resistance from October 2. Continued demand post-listing could breach this barrier, propelling prices higher.
Crucial Points for Traders
If a downturn occurs, DEGEN may test support levels at $0.00920 and $0.00709. Traders should utilize the BASE network and verify the token contract address, with the official DEGEN contract address being 0x4ed4e862860bed51a9570b96d89af5e1b0efefed.
With the evolving crypto landscape, the response to DEGEN Coin listing will be crucial in shaping market trajectories and trader strategies.
