Breakout attempt at $2.65 breakout resistance: Can DeXe extend gains?

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DeXe soars 29.73% to $2.47 today

Highlights

DEXE/USD jumped 29.73% intraday to $2.47, trading above short- and medium-term moving averages but well below its long-term average.
Momentum readings show buyers in control, with a bullish trend signaled by multiple indicators, though oscillators are mixed and short-term uncertainty persists.
DEXE/USD is expected to move between $2.18 and $2.65 over the next 2 to 3 days, with a 76% probability of a continued upside move if immediate support at $2.3 holds.

Momentum divergence as price strength meets neutral oscillators

On the technical front, DEXE is trading above the MA-20 ($2.31) and MA-50 ($2.07) on the hourly chart, while remaining well below the long-term MA-200 ($11.5, daily). The Ichimoku Kijun level at $2.3 serves as immediate support. Among momentum indicators, MACD signals a strong buy and ADX also points to trend strength. RSI stands at 56.7, suggesting bullish momentum, while Stochastic RSI is oversold and CCI is neutral, indicating mixed oscillator signals. Bull/Bear Power continues to show buyer dominance, whereas Awesome Oscillator remains neutral, not strongly confirming the move.

Range-bound outlook as upside bias faces breakout risk

Looking ahead to the next 2–3 trading days, DEXE is expected to range between $2.18 and $2.65, reflecting typical volatility bands for the current environment. The probability of further upside movement is estimated at 76%, favoring a higher move. The baseline scenario anticipates sideways trading within the established range, but a breakout above $2.65 could see additional gains if momentum persists. Conversely, a break below immediate support at $2.3 might result in a decline toward $2.18.

Viktoras Karapetjanc, expert at Traders Union, sees DEXE as technically strong in the short- and medium-term, with buyers currently dominating momentum. He notes support at $2.3 and a clear volatility band between $2.18 and $2.65. The analyst believes that despite the lack of fresh news or macro developments, technical factors are enough to favor further upside in the next days. "If DEXE can hold above $2.3, I expect the bullish trend to continue, with $2.65 as the next key level to watch."

Earlier, analysts noted that DeXe faced ongoing bearish momentum amid persistent seller pressure and generally negative technical signals. The latest developments indicate a notable technical shift, making a break above $2.65 or below $2.3 the key levels to monitor for confirmation of a new trend in the coming sessions.

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.