Chart - TA, page-3652

Sometimes charts and fundamental analysis are referred to the 'chicken or egg' debate.

For the micro price swings, they are probably more random than anything else. However over the longer trend, it is usually built around strong fundamentals. If you compare some in this sector, there is always a reason why there are some leaders and laggers.

To be fair, DEG had its massive run from the initial discovery in 2020 and now have matured into a sideway action since that big rise to the circa $1.60 top. You could argue the price did not fall precipitously and in fact lead the sector as signs of speculation of some kind.

Another thing to note from FOMO-ish price rally when the discovery was confirmed, a lot of such price action usually eventually drops back down over time. DEG literally had a side way with technically a big bull flag pattern.