DEXE SLIDES -13%! FIX HEALTH OR KEEP DROPPING?
ANALYSIS:
DEXE/USDT on the 1-hour timeframe is currently in a correction and consolidation phase after previously surging aggressively to 2,707. Price is now around 2,289, down 13.39% in 24 hours. The short-term structure has weakened because price is still below the MA25 at 2,349, but it remains above the MA99 at 2,074 and the Supertrend at 2,181, so the broader bullish structure has not been fully broken.
RSI(6) is 47.71, indicating neutral momentum and not yet entering oversold territory. MACD is still bearish with DIF -0.006, DEA 0.010, and a negative histogram. However, selling pressure appears to be losing strength as volume continues to shrink after the earlier spike.
The nearest support is at 2.20–2.18, then 2.11–2.07. Key resistance is at 2.32–2.35, followed by 2.44.
As long as 2.18 can be held, DEXE still has the opportunity to form a higher low and rebound. A strong breakout above 2.35–2.44 will strengthen the chances of a renewed bullish move, while losing 2.18 increases the risk of correction toward 2.07.
$DEXE
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
ANALYSIS:
DEXE/USDT on the 1-hour timeframe is currently in a correction and consolidation phase after previously surging aggressively to 2,707. Price is now around 2,289, down 13.39% in 24 hours. The short-term structure has weakened because price is still below the MA25 at 2,349, but it remains above the MA99 at 2,074 and the Supertrend at 2,181, so the broader bullish structure has not been fully broken.
RSI(6) is 47.71, indicating neutral momentum and not yet entering oversold territory. MACD is still bearish with DIF -0.006, DEA 0.010, and a negative histogram. However, selling pressure appears to be losing strength as volume continues to shrink after the earlier spike.
The nearest support is at 2.20–2.18, then 2.11–2.07. Key resistance is at 2.32–2.35, followed by 2.44.
As long as 2.18 can be held, DEXE still has the opportunity to form a higher low and rebound. A strong breakout above 2.35–2.44 will strengthen the chances of a renewed bullish move, while losing 2.18 increases the risk of correction toward 2.07.
$DEXE
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
