DEXE rose to a high price of multiple years and plummeted in two digits in a day. Delivative volume and important support zones around $ 14 can determine the next move of DEXE.
After witnessing a large -scale purchase rally, Dexe (Dexe) saw a trend for three years near the $ 21 mark this week.
However, coins have recently seen a decline of more than 30 % of the day. There is something you need to know here, as traders are trying to use these wild price fluctuations.
Bulls see $ 14.5 support
Source: TradingView, Dexe/USDT
After seeing a symmetrical breaking out of a symmetrical triangle in April 2024, Dexe lost about 60 % of its value until the long -term support of $ 7 in December, and its value. I lost about 60 %.
The low stage has recently set a 190 % rebound stage with Dex to $ 21. Partially supplied fuel by the roadmap announced by the project。
However, the $ 21 resistance caused intense profits, and DEXE plunged into two digits in one day.
DEXE traded about $ 15 at the time of writing and dropped less than 20 days of EMA on a daily chart.
Despite the pullback, DEXE is still sitting on the EMA for 200 days and is hovering near the $ 11 level. Immediate support level is currently worth mentioning that it is in the range of $ 13 to $ 14.
If the Bulls defends this support, they may prevent deeper drawdowns and open a way to regain higher levels.
With the immediate support rebound, Dexe can restore $ 17 near the EMA for 20 days. The daily relative strength index (RSI) is close to 40 and suggests a bearish edge.
Therefore, if the buyer cannot find close to 50 levels, the short -term rally possibility looks slim.
Derivative data refers to mixed feelings
Source: Coinglass
According to the latest coinglass data, DEXE’s derivative transactions have increased by more than 180 % in the past day to $ 15343 million.
On the other hand, open interest decreases by about 6.74 %, indicating that some traders may have reduced or reduced after recent sales.
The 24 -hour length/short ratio was around 0.92, but the BINANCE DEXE/USDT ratio (account) was 1.51, showing a more bullish posture among the binnant traders.
Nevertheless, a wider amount of parity ratio suggests that both bull and bear fight for control.
When the buyer protected the $ 14.5 zone (around 50 days of EMA), Dexe was able to see the recovery and tried another rally toward $ 21 in multiple years.
However, violations of less than $ 14.5 may promote corrections and drag Dexe to a 200 -day EMA near $ 11.
Read DEXE (DEXE) price forecast 2025 –2026
It is important to monitor a wider market sentiment before making a purchase decision.
Dexe’s foundation and roadmap still provide bullish long -term stories, so it may provide attractive entry points for short -term traders in the next few days.
Disclaimer: The provided information is not a financial, investment, transaction, or other kind of advice, but only the writer’s opinion.