*$DEXE
USDT - DeXe*
*Current price: 1.959 USDT +7.40%*
High in 24h: 2.017
Low in 24h: 1.792
### *1. The Trend*
- Historic breakdown from 49.990 down to 1.287. Down 97%
- *MA7: 1.951* Price is slightly above it
- *MA25: 2.446* Price is below it
- *MA99: 16.297* Price is far below it
Price is above MA7 but below MA25 and MA99. The overall trend is decisively bearish, but there is a bounce from the bottom.
### *2. Momentum*
- *RSI(6): 32.00* Near oversold. Below 35
- *OBV: 219.88M* Steady at the bottom: no new capital outflow
- *Volume*: 8.18M DEXE = 15.68M USDT average volume
### *3. Key Zones*
- *First resistance*: 2.017 today’s high
- *Second resistance*: 2.446 at MA25
- *Far resistance*: 9.567
- *Historical resistance*: 49.990 previous high
- *First support*: 1.951 at MA7
- *Second support*: 1.792 today’s low
- *Strong support*: 1.287 historical low
### *Summary*
DEXE was destroyed from $50 to 1.28$. Now it’s in a bounce area from the bottom.
Today +7.4% and it broke above MA7 at 1.951.
The situation is still extremely dangerous as long as it stays below MA25 at 2.446 and MA99 at 16.29.
RSI 32 means it’s close to selling exhaustion, but there could still be more.
*Positive scenario*: Break above MA25 at 2.446 and hold above it, then we go to 9.56
*Negative scenario*: Break below 1.951, then retest 1.792 and then 1.287
Most important level now: 2.446. Breaking it gives hope for a reversal.
Second most important level: 1.287. Breaking it = a new bottom.
Warning: This coin has extremely high risk. It dropped 97%. Don’t use leverage.
#ChinaJulyOutputRetailInvestmentAllMiss
USDT - DeXe*
*Current price: 1.959 USDT +7.40%*
High in 24h: 2.017
Low in 24h: 1.792
### *1. The Trend*
- Historic breakdown from 49.990 down to 1.287. Down 97%
- *MA7: 1.951* Price is slightly above it
- *MA25: 2.446* Price is below it
- *MA99: 16.297* Price is far below it
Price is above MA7 but below MA25 and MA99. The overall trend is decisively bearish, but there is a bounce from the bottom.
### *2. Momentum*
- *RSI(6): 32.00* Near oversold. Below 35
- *OBV: 219.88M* Steady at the bottom: no new capital outflow
- *Volume*: 8.18M DEXE = 15.68M USDT average volume
### *3. Key Zones*
- *First resistance*: 2.017 today’s high
- *Second resistance*: 2.446 at MA25
- *Far resistance*: 9.567
- *Historical resistance*: 49.990 previous high
- *First support*: 1.951 at MA7
- *Second support*: 1.792 today’s low
- *Strong support*: 1.287 historical low
### *Summary*
DEXE was destroyed from $50 to 1.28$. Now it’s in a bounce area from the bottom.
Today +7.4% and it broke above MA7 at 1.951.
The situation is still extremely dangerous as long as it stays below MA25 at 2.446 and MA99 at 16.29.
RSI 32 means it’s close to selling exhaustion, but there could still be more.
*Positive scenario*: Break above MA25 at 2.446 and hold above it, then we go to 9.56
*Negative scenario*: Break below 1.951, then retest 1.792 and then 1.287
Most important level now: 2.446. Breaking it gives hope for a reversal.
Second most important level: 1.287. Breaking it = a new bottom.
Warning: This coin has extremely high risk. It dropped 97%. Don’t use leverage.
#ChinaJulyOutputRetailInvestmentAllMiss