📉 $DEXE
— Monthly Timeframe Looks Bearish
Since falling from its $48.80 ATH to around $1.50, $DEXE has struggled to build a meaningful bullish recovery.
Currently around $2.30, the recent bounce could still turn out to be a dead-cat bounce if buyers fail to regain control.
📊 Key Level: $2.00
The July monthly candle closed strongly bearish and pushed price toward this major support zone.
Now the reaction around $2 could determine the next major move:
🔴 Below $2:
The next major area to watch could be around $1.00.
🟢 Above $2:
If buyers successfully defend the level, a relief move toward the $5 resistance region could become possible.
I'm not trying to predict which comes first—I'm watching how price reacts at $2.
👀 $1 or $5 — which level do you think $DEXE visits first?
DYOR | NFA
#DEXE #Crypto #Trading #priceanalysis #TechnicalAnalysis
— Monthly Timeframe Looks Bearish
Since falling from its $48.80 ATH to around $1.50, $DEXE has struggled to build a meaningful bullish recovery.
Currently around $2.30, the recent bounce could still turn out to be a dead-cat bounce if buyers fail to regain control.
📊 Key Level: $2.00
The July monthly candle closed strongly bearish and pushed price toward this major support zone.
Now the reaction around $2 could determine the next major move:
🔴 Below $2:
The next major area to watch could be around $1.00.
🟢 Above $2:
If buyers successfully defend the level, a relief move toward the $5 resistance region could become possible.
I'm not trying to predict which comes first—I'm watching how price reacts at $2.
👀 $1 or $5 — which level do you think $DEXE visits first?
DYOR | NFA
#DEXE #Crypto #Trading #priceanalysis #TechnicalAnalysis