DEXE falls as large holder selling triggers selloff

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DeXe slides 24.04% to $3.69 today

Highlights

DeXe team wallets transferred 625,000 tokens ($6.2 million) to Binance, triggering heavy selling and liquidations among large holders.
Circulating supply surged and trust deteriorated sharply as market reacted to fears of an exploit or governance attack, despite no confirmed breach.
DEXE/USD trades well below major technical levels amid persistent bearish momentum, with high volatility and a projected short-term range of $2.8–$6.39.

Market trust erodes as team-linked tokens trigger liquidations

DeXe experienced a major on-chain transfer of approximately 625,000 tokens, worth around $6.2 million, from wallets linked to the team to Binance on July 21, 2026, which, according to Invezz, sparked a wave of selling by large holders and forced liquidations. This transfer caused a rapid increase in circulating supply and sharply eroded market trust, as evidenced by surging exchange inflows and trading volumes. Speculation about a possible exploit or governance attack further heightened risk aversion, even as Diariobitcoin reported that no official exploit had been confirmed, leading to a significant destruction of recent gains after DeXe's all-time high earlier in July.

Support at $2.8 tested as oscillators confirm conflicting momentum

Technically, DEXE/USD is trading below key levels including the MA-20 at $4.46 and MA-50 at $10.16 on the hourly chart, with the daily MA-200 far above at $11.62. The Ichimoku Kijun level at $4.43 serves as immediate resistance, while support is defined near $2.8. Among oscillators, MACD and ADX show pronounced downside momentum, the RSI sits at 23.25 (Sell), and the Commodity Channel Index is in oversold territory. Stochastic RSI suggests a strong buy condition but stands in contrast to heavy negative momentum, while Bull/Bear Power confirms seller control and the Awesome Oscillator gives a neutral read, indicating conflicting signals for near-term direction.

Bearish bias prevails as resistance caps rebound potential

Looking ahead, the projected trading range for DEXE over the next two to three sessions is $2.8 to $6.39, reflecting typical volatility relative to recent price action. The probability of further downside remains high, making continued weakness more likely barring a decisive move above resistance at $4.43. A bearish scenario is expected if the lower bound at $2.8 breaks, while any sustainable recovery would require significant volume through the immediate resistance zone. The baseline expectation is consolidation within the current range.

Anton Kharitonov, expert at Traders Union, notes that DeXe remains under heavy selling pressure following large team-linked transfers to Binance and surging market distrust. He sees technicals confirming strong downside momentum, with support only at $2.8 and indicators showing persistent weakness. Analyst believes sentiment is deeply negative and does not favor a rapid recovery unless key resistance at $4.43 is reclaimed. "My view: downside risk stays high — unless DEXE breaks back above $4.43 with strong volume, I remain defensive and avoid exposure."

Earlier, analysts noted that a major exploit in DeXe’s protocol triggered severe selling pressure and eroded investor confidence. The latest team-linked token transfer and ongoing downward momentum reinforce risk aversion, making sustained recovery unlikely unless DeXe can reclaim resistance at $4.43 on convincing volume.

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.