DeXe drops 12.02% as sellers dominate in short-term trading

Traders Union
All News
Crypto News
DeXe drops 12.02% to $19.60 today

Highlights

DEXE/USD trades under short- and medium-term moving averages, signaling prevailing selling pressure despite an intact long-term bullish trend.
Momentum indicators point to a strong bearish bias and trend, with key oscillators revealing divergences and heightened volatility.
Near-term range is $16.38 to $21.02, with a 62% probability of further downside unless $20.38 resistance is broken.

Technical divergence persists as momentum weakens and resistance holds

On the h1 chart, DEXE/USD is positioned below the MA-20 ($20.19) and MA-50 ($21.37), with immediate resistance identified at the Ichimoku Kijun level of $20.38. The daily MA-200 stands further below at $7.09, demarcating longer-term support. Momentum signals remain weak: MACD identifies a strong sell, ADX confirms the prevailing downtrend, and RSI is at 39.87, suggesting further selling pressure without reaching oversold conditions. Meanwhile, Stoch RSI is overbought, creating divergence with traditional momentum readings; CCI is neutral. Bull/Bear Power (BBP) points to some buyer initiative, while AO remains neutral as intraday volatility persists.

Downside risk dominates as price tests key support boundaries

For the next 2–3 days, typical volatility is expected to keep DEXE within a $16.38 to $21.02 range. There is a 62% probability of a further downside move, while chances of a rebound stand at 38%. Any consolidation is likely to occur between these boundaries unless a decisive break above $20.38 resistance signals a shift toward bullish momentum, or a fall below $16.38 support opens the way for additional losses.

Anton Kharitonov, expert at Traders Union, sees technical weakness dominating DeXe (DEXE) in the short term. He points to persistent selling pressure, weak momentum signals, and resistance at $20.38 as key obstacles for buyers. The probability of further downside is higher, with support at $16.38 likely to be tested unless buyers take control. "Right now, I remain cautious on DEXE — unless $20.38 is reclaimed, the bias remains defensive in this volatile range."

Earlier, analysts noted that DeXe was maintaining a generally bullish bias despite periods of short-term volatility and mixed signals. The current technical picture signals increased downside risk, making the $16.38 support level crucial to monitor for potential shifts in momentum over the coming sessions.

Source of Data: DEXE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.