DeepBook (DEEP) Price Surges 120% in a Month, Targeting New All-Time Highs

The decentralized finance space never fails to deliver surprises, and recently, one of the biggest movers in 2025 has been DeepBook Protocol (DEEP). As DeepBook live price shows, the decentralized order book powerhouse built on the Sui blockchain has surged an extraordinary 120% in just a month, grabbing the attention of traders and investors worldwide.

This DeepBook price surge has been largely attributed to strategic exchange listings, bullish technical patterns, and an expanding role within the broader DeFi ecosystem. But as momentum builds, many wonder, is DEEP ready to retest its all-time high of $0.34, or even surpass it?

What Sparks the DeepBook Price Surge?

One of the biggest catalysts behind the DeepBook price surge was the significant exchange activity around the token. On April 22, Binance Futures introduced DEEP perpetual contracts, triggering a 100% price explosion within just 24 hours. The momentum didn’t stop there; South Korea’s popular Upbit exchange followed with a quick DEEP listing, amplifying global interest.

By April 23, DEEP was trading around $0.203, still 66% below its January all-time high of $0.34. However, the technical indicators suggested a brewing bullish sentiment. This surge in trading activity and listings placed DeepBook Protocol firmly on the radar of DeFi enthusiasts.

Adding fuel to the rally, adoption of DeepBook across decentralized finance platforms continued to grow, reinforcing its position as the primary trading backbone for the Sui blockchain ecosystem.

Can DEEP Sustain Its Uptrend and Reach New HighS?

Analysts have a positive outlook on the DEEP price trajectory starting from its live price at $0.225. Many opine that DEEP is currently undergoing an A-B-C corrective wave, according to Elliott Wave Theory, which projects the token reaching $0.305 by October 25. Fibonacci retracement levels further support the case for a gradual yet steady rise.

Chart 1- DEEP/USDT Live Price, Published on TradingView, April 29th, 2925.

Technical analysis looks good as recently DEEP’s Relative Strength Index (RSI) reached an overbought 84. This suggests that short-term corrections may be possible, but the Moving Average Convergence Divergence (MACD) remains positive. These signals suggest that the longer-term trend remains bullish. Additionally, DEEP’s price crossed above the 100-day EMA for the first time in months. It looks promising for months of sustained growth!

This technical breakout confirmed the expectation of continued DeepBook price surge through the second half of 2025.

How Strong Is DEEP’s Market Position Compared to Rivals?

Beyond just technicals, the DeepBook price trajectory and the broader market dynamics tell a compelling story. Its Average True Range (ATR) stands at a moderate 0.019, signaling manageable volatility, a crucial factor for long-term investors. With a market capitalization that recently crossed $508 million, DEEP now ranks as the 143rd-largest cryptocurrency globally.

In terms of comparative performance, DeepBook Protocol is leaving its DeFi competitors in the dust. While DEEP surged by an impressive 120.6% in a month, rivals like Cetus Protocol (+5.2%) and Walrus (+33.2%) trailed far behind. Even the larger Sui ecosystem, which DEEP is part of, only managed a 19.6% uptick during the same period. This superior performance, combined with real-world utility like transparent on-chain order books and rapid transaction settlements of around 390 milliseconds, highlights why DEEP continues to build real value rather than relying on mere hype.

What Are the Future Price Levels to Watch for DEEP?

Looking ahead, analysts forecast that DEEP could reach $0.2485 by the end of Q4 2025, with strong support levels around $0.18 to $0.19. These support zones could provide stability during potential market pullbacks, while a continued rally could push DEEP to challenge its former highs.

If the current DEEP bullish chart patterns persist, then DEEP could firmly establish itself above key resistance levels. Such an achievement would reinforce investor confidence and pave the way for new all-time highs as we move into 2026. Furthermore, as more DeFi projects migrate toward the Sui blockchain and integrate DeepBook’s trading infrastructure, the DEEP bullish chart will only grow stronger.

The DeepBook price surge in 2025 is more than just a momentary spike, and it represents a significant shift in the DeFi landscape. With major exchange listings, strong technical momentum, and increasing adoption within Sui’s ecosystem, DeepBook Protocol is positioned for sustained growth.

While short-term corrections may occur due to overbought signals, the bigger trend for DEEP looks