DeepBook Protocol (DEEP) Sets Sights on $0.30 Target Following 120% Monthly Surge
- DeepBook Protocol (DEEP) surged 120% in one month, outpacing key DeFi rivals and eyeing a return to its $0.34 all-time high.
- Experts forecast DEEP to reach $0.305 by late 2025 as strong fundamentals and strategic listings fuel a bullish market outlook.
DeepBook Protocol (DEEP), the decentralized order book powerhouse built on the Sui blockchain, is catching serious momentum in 2025. $DEEP surged on its recent strategic listing and expands its DeFi adoption. DEEP is already likely positioned for a price trajectory and set for a notable comeback
Major Exchange Listings ignites a Strong Market Rally
On April 22, 2025, Binance Futures rolled out DEEP perpetual contracts, which resulted in an explosive price uptrend of over 100% in just 24 hours. The rally didnt stop there a swift listing on South Koreas Upbit exchange solidified DEEPs position as one of the fastest-rising DeFi assets.
By April 23, DEEP was trading at approximately $0.203, still about 66% lower than its all-time high of $0.34 in January 2025. Yet beneath the surface, technical indicators hint at strong bullish undercurrents.
Forecasts Point to a Steady Rise as DEEP Eyes $0.30
Crypto analysts believe DEEP is tracing an A-B-C corrective wave, with a likely move toward $0.305 by October 2025 based on Elliott Wave Theory and Fibonacci retracement patterns. Their 2025 forecast places DEEPs price in a broad range a minimum of $0.045, an average of around $0.305, and a best-case scenario reaching back up to $0.340.
Technical readings back this optimism. Presently, DEEPs RSI showed an overbough tbought 84, signaling a chance for short-term pullbacks, but the MACD remained in positive territory, suggesting that the bigger trend stays bullish.
Meanwhile, it was observed that DEEP kicked off 2025 with a significant reversal, closing the first quarter above its 100-day EMA for the first time in months. This helped set the stage for a second-quarter breakout past $0.20, powered by strong MACD crossovers and rising RSI signals.
Looking ahead, DEEP could climb toward $0.2485 by the end of Q4 2025, while finding solid price floors between $0.18 and $0.19.
Market Strength Grows as Volatility Remains Manageable
DeepBooks market dynamics reflect a healthy growth story. The protocols Average True Range (ATR) sits at 0.019, indicating moderate and manageable volatility levels. Its market capitalization crossed $508 million, making it the 143rd-largest cryptocurrency globally as of late April.
Performance-wise, DEEP has been far outpacing its DeFi peers. Over the past month, it delivered a +120.6% price increase, leaving competitors like Cetus Protocol (+5.2%), Walrus (+33.2%), and even the broader SUI ecosystem (+19.6%) trailing behind.
DeepBook isnt just riding hype. Its building real value as the backbone of trading on Suis DeFi scene. It offers a fully transparent, on-chain order book, lightning-fast settlements of around 390 milliseconds, and aggregated liquidity across all platforms
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
