As DEE Token Catapults Up 800%, This Silent Crypto Has Snagged $1 Million – Primed for Take-off?
In the latest On-Chain moon-shot a Street Fighter 6 themed token called Dee Jay (DEE) has exploded an eye-watering +800% overnight.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including BDOGE, APX, FTX, Blinky, DRS and SNOR.
The dramatic upside move has seen DEE token fly up into the trending coins on leading DEX tracking websites.
As price continues to grind higher, Dee Jay token is currently trading at a market price of $0.00007896 (representing a 24-hour change of +665%).
Ongoing price action is characterised by a -30% localised retracement move from the all-time high at $0.0001104.
This comes as 265 bag-holders mount a well-defended consolidation between $0.00008 and $0.0000875 in a display of strength driven by impressive 55% buy-pressure over the last 6-hours.
The dramatic +800% rally was triggered at 15:00 (UCT) on October 10, as price shot up +567% in just 5-hours - driven by a massive influx of more than $1.12m in trading volume.
The 1000+ transaction surge has maintained strong buy-pressure throughout the rally, with a major support zone established below current levels at $0.0000525.
Now, with DEE sat at a $431k market cap, it seems there is still capacity for upside in Dee Jay - it is not uncommon for DEX moon-shots to hammer up to 1000+ holders and $2m market caps - suggesting upside could be as much as 4x from here.
However, on the short-time frame, DEE token is targeting a return to the all-time high at $0.0001104 (a possible +47.40% over the next few hours).
While downside risk here could see DEE token tumble back to lower support at $0.0000525 (a potential -29.91% over the next few hours).
This leaves Dee Jay token with a risk: reward ratio of 1.58
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