DeXe support test at $2.06: Downside targets to watch

Traders Union
All News
Crypto
DeXe drops 10.11% today to $2.58

Highlights

DEXE trades below major moving averages across all timeframes, confirming sustained downside pressure and a bearish technical outlook.
Momentum indicators largely favor sellers with oversold conditions and weak trend strength, though a short-term bounce may occur.
Expected trading range for the next 1–2 days is $2.06 to $3.1, with a 78% probability of further declines.

Oversold signals clash with selling pressure as resistance holds

DEXE is trading below its MA-20 at $2.76 and MA-50 at $2.94 on the H1 timeframe, and remains well under the long-term MA-200 at $11.62. The Ichimoku Kijun at $2.76 acts as immediate resistance, capping potential rebounds. MACD signals Sell and Bull/Bear Power also indicates selling dominance, while ADX remains Neutral, highlighting uncertainty in directional momentum. RSI sits at 36.63 (Sell), with CCI also showing oversold levels, whereas Stochastic RSI gives a Strong Buy, suggesting oversold bounce potential. The Awesome Oscillator confirms the bearish bias, but divergence exists between intraday selling pressure and oversold oscillator readings.

Downside bias persists as consolidation scenario dominates

Over the coming 1–2 days, DEXE is likely to trade between $2.06 and $3.1, with a high probability (78%) of further declines and only a 22% chance of a short-term recovery. The baseline scenario envisions sideways consolidation within this volatility band. A break above $2.76 would signal the start of a rebound, while a move below $2.06 would confirm further downside risk.

Viktoras Karapetjanc, analyst at Traders Union, highlights that DEXE’s sharp drop and position below major moving averages show prevailing bearish sentiment. He notes the divergence between strong intraday selling and oversold indicators, which could signal a volatility-driven bounce. The analyst sees consolidation likely, with any break above $2.76 suggesting the start of a recovery. "Despite dominant selling, I remain constructive — a rebound is possible if $2.76 is reclaimed soon."

Earlier, analysts noted that DeXe was experiencing sustained bearish momentum amid persistent technical sell signals and increased market volatility. The current setup strengthens this outlook, with downside risk prevailing unless DEXE can reclaim and hold above the $2.76 resistance level in the short term.

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.