Upbit Listing News Sends Sui Project DeepBook (DEEP) Price Up Over 37%

• DEEP surged 37% and reclaimed the 20-day EMA after Upbit announced a DEEP/KRW listing.
• Trading volume spiked 1,550%, driven by rising Korean interest and Upbit’s user base of over 16 million.
• RSI at 75 and a Bollinger Band breakout suggest short-term overheating, but momentum remains strong.

Sui-based DeFi protocol DeepBook (DEEP) delivered a stunning 37% price rally Tuesday, fueled by an explosive surge in trading volume following major exchange listing news. 

DEEP now trades near $0.1280, up sharply from ~$0.089, with volume spiking by over 1,550% following the announcement that South Korea’s largest crypto exchange, Upbit, will list DEEP/KRW for trading, starting April 22 at 14:30 KST.

The sudden price surge saw DEEP reclaim the 20-day Exponential Moving Average (EMA) at the $0.081 level, breaking out of a prolonged consolidation phase. 

Strong momentum was confirmed by a bullish engulfing ca…

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