Forced liquidations increase sell pressure: DEXE support levels in focus

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DeXe drops 13.21% today to $3.07

Highlights

DeXe plunged 92.46% from its all-time high in only 13 days, triggering intense forced liquidations and rapid investor exits.
Trading volume skyrocketed to over 141% of DeXe's market capitalization, reflecting severe capitulation as liquidity dried up.
DEXE/USD trades well below major moving averages, with technical indicators signaling sustained bearish momentum; expected range is $2.46 to $13.62, downside risk remains dominant.

Forced liquidations drive capitulation amid sharp drawdown

According to recent figures, DeXe has undergone a precipitous cumulative loss of 92.46% from its all-time high achieved just 13 days ago, marking one of the sharpest reversals by magnitude in the sector over such a brief period. This drastic drawdown likely prompted a wave of forced liquidations and urgent exits as investors sought to cut exposure, intensifying downward pressure on the token. Trading data also show volume surging over 141% of DeXe's market capitalization, signaling an episode of extreme capitulation as positions were rapidly unwound and buyers grew scarce.

Oversold indicators reinforce downtrend below multiple resistance levels

DEXE/USD trades below the MA-20 ($3.51) and MA-50 ($4.06) on the hourly chart, while also remaining under the long-term MA-200 at $11.63. The Ichimoku Kijun line at $3.45 defines immediate resistance. Momentum indicators mirror the weak price action: MACD points to prevailing sell momentum, ADX is neutral, and RSI registers a low 38.46. Both Stochastic RSI and CCI are deep in oversold territory, and Bull/Bear Power reflects persistent intraday selling dominance. The Awesome Oscillator further aligns with the observable downtrend.

Sideways and further downside risk as volatility persists

In the short term, DEXE/USD is expected to trade within a broad range of $2.46 to $13.62. The likelihood of further downside remains high, while the chances of a meaningful upside reversal are considered very low. Sideways movement within this volatility band is the baseline scenario, with any bullish move contingent on a break above immediate resistance at the Kijun ($3.45). A bearish scenario would unfold if support is breached, increasing the risk of additional declines.

Anton Kharitonov, expert at Traders Union, sees an extremely weak technical and fundamental outlook for DeXe after the catastrophic 92.46% drawdown and capitulation-level volumes. He believes downward momentum remains dominant, with indicators confirming sustained selling pressure and no current support. Range trading is likely, but the risk of further declines stays high. "Until we see meaningful strength above key resistance at $3.45, I remain defensive and see little reason to expect a reversal."

Earlier, analysts noted that DeXe faced intense market distrust and persistent downside pressure amid heavy selling and governance concerns. Current technicals and the record pace of capital flight further reinforce the prevailing bearish trend, making any decisive move above $3.45 a critical signal for potential sentiment reversal.

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.