Support test: Can DeXe avoid deeper losses?

Support test: Can DeXe avoid deeper losses?
DeXe drops 7.27% today to $1.93

DeXe (DEXE) is trading at $1.93, marking a drop of 7.27% on the day. The asset is positioned below its key moving averages, indicating ongoing weakness relative to recent price trends.

DEXE price prediction
24H 0.7%
$1.44
48H 2.1%
$1.46
7D -9.79%
$1.29
1M -25.17%
$1.07
3M -77.73%
$0.3185
6M -40.57%
$0.8499
12M 94.41%
$2.78
Current price: $1.43 -0.04 2.98%
Real-time Data 13:26
Daily range 1.42 Arrow from to Icon 1.47
Weekly range 1.42 Arrow from to Icon 1.64
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Highlights

  • DEXE/USD trades below key moving averages, showing persistent seller dominance across short, medium, and long-term outlooks.
  • Momentum indicators such as MACD, ADX, and RSI present a strong sell bias with the asset in deeply oversold territory.
  • Price range forecast for the next two to three days is $1.72 to $2.02 with a high probability of continued decline unless $2.03 resistance is breached.

Bearish momentum dominates as DEXE breaches key supports

DEXE is currently trading below the MA-20 at $1.99, the MA-50 at $2.07, and the long-term MA-200 at $11.55. Immediate resistance is defined by the Ichimoku Kijun at $2.03, while downside support is seen near $1.72. Momentum indicators show a dominant Sell bias with both MACD and ADX aligned to the downside, and RSI at 28.54 together with CCI and Stoch RSI signaling oversold conditions. Bull/Bear Power confirms sellers are in control, although the Awesome Oscillator remains neutral.

DeXe asset chart
DeXe price dynamics. Source: TradingView.

Downside risk prevails as volatility heightens

Over the next two to three sessions, DEXE is expected to trade within a volatility band of $1.72 to $2.02. The probability of a move higher is very low, while the likelihood of further downside is elevated. A break below the $1.72 support could trigger additional declines, whereas a rebound would require a firm move above $2.03 to alter the current scenario.

Anton Kharitonov, expert at Traders Union, sees clear technical weakness as DEXE trades below all major moving averages. Momentum and sentiment remain negative, with oversold signals suggesting strong selling pressure dominates. He is cautious on any potential rebound given that key resistance at $2.03 has yet to be challenged. "Unless DEXE decisively breaks above $2.03, risk remains to the downside and defensive positioning is warranted."

Earlier, analysts noted that DeXe was exhibiting persistent bearish momentum with elevated downside risk as technical indicators pointed to limited upside. The current analysis corroborates this outlook, with the prevailing scenario suggesting that a move below the $1.72 support remains the key level to monitor for potential further weakness.

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.