- Trade tensions between the US and China triggered a crypto market dip, with Bitcoin falling below $106,000.
- Despite the downturn, DEXE, SPX, and XAUt showed strong bullish momentum, defying broader market trends.
The cryptocurrency market faced renewed turbulence on Thursday after US Treasury Secretary Scott Bessent declared that trade talks with China are “stalled.” This statement came as a US appeals court temporarily reinstated trade tariffs, undermining investor confidence and triggering a broad sell-off.
Bitcoin (BTC) dropped below $106,000, pulling the broader crypto market down by 2.58%. Ethereum (ETH), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE) all followed suit with losses ranging from 3% to 7%. The setback comes amid growing geopolitical uncertainty, particularly around US-China relations and President Trump’s contested tariff strategy.
Also read: Dogecoin Drops as Elon Musk Exits D.O.G.E.—Can DOGE Hold Above $0.20 Support?
Yet, amidst the market bloodbath, a few resilient mid-cap tokens emerged in green—most notably DEXE, SPX, and XAUt.
DEXE Leads the Pack with Meme Mania Momentum
DEXE surged 13.07% on Thursday to trade at $14.09, forming a bullish engulfing candle. The rally comes as DeXe’s ongoing meme coin contest—MemeMania—reaches its climax, fueling speculative interest. Technical indicators also paint a bullish outlook: the Supertrend is on the verge of flipping green, and the MACD crossover signals renewed buying pressure. If momentum holds, resistance at $15.46 and $18.43 may be tested. However, failure to sustain above $14 could see a fallback to $13.50 or lower support at $12.51.
SPX Targets Golden Cross and Fib Resistance
SPX6900 (SPX) is holding strong with a 23% weekly gain, currently trading at $1.11. The meme coin recently breached the $1 psychological barrier, and a potential golden cross of the 50- and 200-day EMAs hints at more upside. Based on Fibonacci retracement levels, SPX faces key resistance at $1.26. A break above could open the path to retest its January high of $1.53, though a pullback to $0.91 remains likely if profit-taking sets in.
Tether Gold (XAUt) Climbs as Safe Haven Demand Rises
As market instability grows, investors are hedging with gold-backed stablecoins. XAUt, which mirrors the price of physical gold, rose 1.36% to $3,310. The token is consolidating within a triangle pattern, hinting at a possible breakout toward $3,462. However, a breakdown could drag it to key support at $3,182.
While trade tensions unsettle the markets, DEXE, SPX, and XAUt showcase strength, proving that not all crypto is crumbling under pressure.