DeepBook (DEEP) is currently priced at $0.148869, reflecting a 24-hour decline of approximately 2.96%. The asset has experienced a daily high of $0.155535 and a low of $0.145924, indicating a daily trading range of 0.009611%, with a trading volume of 15,446,576, representing 4.15% of the market cap.

Technical indicators show a bearish trend, with the hourly moving averages trending downwards across the longer periods. The 8 SMA is at $0.1487 (+0.09%), while the 21 SMA is at $0.1507 (-1.24%), suggesting recent price weakness, as the shorter moving average is not able to maintain momentum against longer ones.

Momentum indicators reflect a bearish sentiment, with the 1-hour RSI at 39, signaling potential oversold conditions, and the 7-day RSI at 44, nearing the oversold threshold. The 7-day price change stands at -14.23%, while the 14-day and 30-day changes are even more pronounced at -24.38% and -20.88% respectively, indicating a sustained downtrend.

The all-time high for DEEP was $0.341085, reached on January 18, 2025, which shows significant room for recovery if the market sentiment shifts positively. However, current trends do not support a rebound, as both short- and long-term indicators suggest further downward pressure.

Given the persistent negative momentum, the lack of bullish signals in moving averages, and the overall bearish market sentiment, the current rating for DeepBook (DEEP) is a Sell. Investors should consider reallocating their capital until clearer bullish signals emerge or until the asset stabilizes above key moving averages.