DeepBook Protocol (DEEP) rallies 10.58% with rising volume and strong long trader bias signaling a breakout.

DeepBook Protocol (DEEP) surged 10.58% amid a 154.54% increase in trading volume, breaking out from a descending resistance near $0.03. The rally is supported by a strong long bias among Binance top traders, with 64.36% positioned bullish, and a 15% rise in Open Interest to $12.46 million, indicating fresh capital fueling the move. While this breakout suggests buyers have regained control and could push prices toward $0.0325, the crowded long positions raise the risk of volatility and potential sudden reversals if momentum fails. Sustaining above the breakout zone is key for further gains.