DeXe drops around 31.5% after liquidation wave and sector-wide DeFi turmoil

Traders Union
All News
Crypto
DeXe slides 31.58% today on heavy losses

Highlights

DeXe experienced a sharp sell-off driven by capitulation, with trading volumes surpassing 141% of its market capitalization amid sector-wide DeFi hacks.
The token ranks among the week's worst performers, consolidating after outsized losses fueled by intensified risk-off sentiment.
DEXE/USD trades well below key moving averages, with technical indicators deeply oversold and a five-day forecast range of $2.1–$29.26 favoring further downside.

Capitulation among holders as DeFi hacks spark risk-off flows

DeXe recently recorded a significant decline as the token's trading volume exceeded 141% of its market capitalization, suggesting a major wave of capitulation among holders. The steep drop followed sector-wide DeFi turmoil, triggered by a series of protocol hacks that intensified risk-off sentiment. DeXe's losses placed it among the biggest underperformers for the week, and the token continued to consolidate in the aftermath of these events.

Anton Kharitonov, expert at Traders Union, views DEXE’s price action as a reflection of severe structural fragility after recent DeFi-related hacks. He highlights the alarming trading volume, which far exceeded market capitalization, as clear evidence of mass capitulation and systemic risk-off sentiment. Technical signals confirm deep oversold conditions, but overwhelming sell momentum shows no sign of reversal. Kharitonov warns that sub-$2.1 levels could trigger further losses given market instability. "For now, every technical and sentiment signal warns traders to stay defensive — the risk of another leg down is substantial in this environment."

Viktoras Karapetjanc, expert at Traders Union, sees high volatility and recent setbacks as opening new opportunities for agile traders. He believes DeFi sector disruptions are temporary and DEXE remains well positioned for future growth when risk appetite returns. Market liquidity and strong bounce potential above $2.67 could reignite momentum. Karapetjanc remains constructive on the longer-term adoption prospects. "Despite near-term stress, the bullish structure remains intact — dynamic traders should monitor for fresh setups as the dust settles."

Parshwa Turakhiya, analyst, notes that sentiment is heavily skewed negative after capitulation waves and liquidations. He sees a clear technical setup with DEXE oversold on several momentum indicators, creating potential for reactive bounces in the near term. However, Turakhiya stresses that upside is capped unless resistance at $2.67 breaks decisively. "For active traders, intraday swings between support and resistance could present tactical setups — but capital protection remains key in a shaken market."

Oversold momentum and volatility reinforce sellers' technical control

DEXE/USD is well below its 20-day, 50-day, and 200-day moving averages ($26.48, $22.81, and $11.63 respectively), confirming strong selling momentum and sustained downside pressure across all timeframes. The immediate resistance level is at $2.67, with support at $2.1. Momentum indicators including MACD and ADX signal a sell, while the RSI at 29.27, Stochastic RSI at 7.84, and CCI at -126.41 all register as oversold. Bull/Bear Power is deeply negative at -11.55, reinforcing that sellers are in control, and the Awesome Oscillator shows a clear sell bias. Price action reflects heavy pressure with high intraday volatility at 37.08%.

Earlier, analysts noted that DeXe was experiencing sustained bearish sentiment and intense selling pressure amid widespread DeFi sector turmoil. The current analysis not only reaffirms this outlook but also highlights a heightened risk of additional downside if the $2.1 support fails, making this level critical for short-term positioning and risk management.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.