Will DeXe hold above $1.1 support as seller pressure persists?
DeXe (DEXE) is trading at $1.18, down 7.08% on the day. The price remains below its key moving averages, indicating persistent downward momentum.
1.23
1.32
Highlights
- DEXE/USD remains below key moving averages, confirming sustained downward momentum in both short- and long-term timeframes.
- Intraday trading is volatile, with technical indicators mostly giving Sell signals and sellers maintaining dominance.
- Price is forecast to range between $1.10 to $1.21 over the next two to three days, with a high probability of further decline.
Bearish technicals with resistance at $1.22 amid selling signals
On the technical front, DEXE/USD is trading below the hourly MA-20 at $1.22 and MA-50 at $1.23, as well as well under the daily MA-200 at $9.6. The Ichimoku Kijun provides immediate resistance at $1.22. Both MACD and ADX indicate sell conditions, while RSI and CCI remain in their neutral zones. The Stochastic RSI is in the oversold area, suggesting selling exhaustion may be developing, though not yet signaling a confirmed reversal. Sellers retain control according to a slightly negative Bull/Bear Power reading, while the Awesome Oscillator is neutral and does not support the current trend direction.
Range-bound outlook with high downside risk in near term
In the short term, DEXE is expected to trade within a $1.10 to $1.21 range over the next two to three days. The probability of an upward move is very low, while a downward move is highly likely, so continued declines are the prevailing scenario. For buyers to regain control, the price would have to break above resistance at $1.22, while a close below $1.10 could accelerate losses.
Earlier, analysts noted that DeXe was exhibiting ongoing technical weakness and remained vulnerable to further downside risks. The current analysis further strengthens this bearish outlook, with traders advised to monitor the $1.10 level as a critical support that could, if breached, accelerate additional losses.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
