Degen DEGEN
DEGEN cycle analysis · chart, confirmed lows and fundamentals
Red List Recovering held Phoenix · monthly · score 55 mixed
59.0% below its 365-day high of $0.00234 (2025-10-28), +60.1% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Red List.
Held on the Red List: it last met the Red List rules on 2026-10-18. Today it reads Amber List; a tier moves down only after five consecutive scans below its rules.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +10.0% above the Aug 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Ug 1r 2Dr 2Ug 1r
- Confirmed low
- $0.000872 · 2026-08-31
- Position
- 2 of median 4 (max 10)
- Current low
- $0.000872 · confirmed
- Cycle-low confidence
- —
- Confirmed lows
- 4
Weekly
- Last bars
- 2Ug 2Dr 2Dr 2Dr 1r
- Confirmed low
- $0.000909 · 2026-09-20
- Position
- 5 of median 5.0 (max 12)
- Current low
- $0.000919 · unconfirmed
- Confirms above
- $0.00101
- Cycle-low confidence
- 38% · in band
- Confirmed lows
- 17
Daily
- Last bars
- 2Dr 2Ug 1r 2D 2Ur
- Confirmed low
- $0.000934 · 2026-10-20 (daily)
- Position
- 1 of median 5.0 (max 21)
- Current low
- $0.000934 · confirmed
- Cycle-low confidence
- 21%
- Confirmed lows
- 117
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 0.000872 (Aug 2026), month 2 of a cycle that has typically run 4.
- Weekly: forming bar is a red inside bar. Last confirmed swing low 0.000909 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 0.000919 is unconfirmed — it confirms above 0.001011. Cycle-low confidence 38%.
- Daily: bar is a red 2-Up. Last confirmed swing low 0.000934 (2026-10-20), day 1 of a cycle that has typically run 5. Cycle-low confidence 21%.
- Red List: 59% below the 2025-10-28 high; +60% off the 365-day low.
- Phoenix: 98% decline over 21 months, monthly swing low confirmed (next-bar), now +10% above the trough; first weekly pullback after the low confirmed 2026-09-27 (trigger 0.00116).
- Gauges: Mayer multiple 0.87 (cheap); -96% from the all-time high.
Has Degen bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the DEGEN snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.000872 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.000909 from 2026-09-20. A newer candidate at $0.000919 is unconfirmed; its confirmation level is above $0.00101, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.000934 from 2026-10-20. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Degen below its high?
The Coinbase price snapshot is 59.0% below its rolling 365-day high of $0.00234 from 2025-10-28. Separately, CoinGecko reports -98.5% relative to its all-time high of $0.0645 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Amber List; recovering · Phoenix monthly → Red List; recovering · Phoenix monthly
- Watch; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
- First observed: Watch; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $0.0351 · Nov 2024
- Trough
- $0.000872 · Aug 2026
- Decline
- -97.5% over 21 months
- Above trough
- +10.0%
- Monthly
- confirmed (next-bar) · trigger $0.00131
- Weekly
- confirmed (next-bar)
- False bottom
- none
- Entry
- pullback #1 low $0.000909 confirmed 2026-09-27 · trigger $0.00116
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 7.49 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.0 x | 15.0 / 15 |
| Size (market-cap rank) survivorship | 592 # | 0 / 15 |
| Age on Coinbase survived a cycle | 2.0 yrs | 4.3 / 10 |
| usage | could not look — no source data | |
| tvl | could not look — no source data | |
| momentum | could not look — no source data | |
4 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $38.3M
- Fully diluted
- $38.3M
- 24h volume
- $2.9M
- Circulating
- 36,063,367,356
- All-time high
- $0.0645 · 2024-03-31 (-98.5%)
- TVL
- $0 (chain)
- Fees 30d
- —
- Revenue 30d
- —
- Fees 1y
- $10
- Mayer multiple
- 0.867 · cheap
- Pi cycle
- 0.524
- On Coinbase since
- 2024-10-15 (737 bars)
- CoinGecko id
- degen-base
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources