DeXe slips below $1.75 support as sellers dominate the short-term trend

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DeXe drops 7.93% to $1.79 today

Highlights

DEXE/USD trades below major moving averages and faces persistent selling pressure across short, medium, and long-term timeframes.
Bearish momentum dominates, with multiple indicators including MACD and AO confirming seller control despite some short-term oversold signals.
For the next 2 to 3 days, DEXE/USD is projected to range between $1.75 and $1.95, with downside risk prevailing.

Oversold signals emerge amid bearish pressure and weak conviction

On the hourly chart, DEXE/USD is positioned below the MA-20 at $1.92 and MA-50 at $1.94, while the daily price is far beneath the MA-200 at $11.48. The immediate resistance is identified at the Ichimoku Kijun level of $1.91. MACD maintains a Sell signal, and while ADX is neutral indicating weak trend conviction, momentum remains negative. The RSI reading near 34.61 signals oversold conditions, reinforced by the CCI, but Stoch RSI is showing a strong buy signal, suggesting a potential for short-lived rebounds. Bull/Bear Power continues to signal intraday seller dominance, with the Awesome Oscillator aligned on the bearish side.

Further losses favored unless Kijun resistance triggers reversal

Looking ahead to the short term, DEXE/USD is expected to trade within the $1.75 to $1.95 range over the next two to three days, consistent with typical volatility bands around current levels. The probability of a further downside move is high, with a recovery considered unlikely unless the price breaks above the $1.91 Kijun resistance. Should the price fall below $1.75, further losses could accelerate as selling momentum increases. In the bullish scenario, a move above $1.91 would allow the price to target the upper end of the expected range.

Anton Kharitonov, analyst at Traders Union, notes that DeXe remains under strong technical pressure as it continues to trade below major moving averages. He sees persistent selling signals and limited momentum for a meaningful bullish reversal in the short term. Key resistance at $1.91 must be cleared to shift outlooks. "Unless $1.91 is reclaimed, the downside scenario remains dominant and I see little reason to attempt aggressive longs here."

Earlier, analysts noted that DeXe was facing persistent downside momentum, with technical indicators pointing to continued bearish pressure. The latest market action reinforces this negative outlook, making the $1.75 level a critical downside risk to monitor amid sustained volatility.

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.