- DEXE surged over 12%, breaking above a key descending trendline and signaling a potential bullish breakout.
- If it holds above $13.50, the price could climb toward $16 and possibly $24, driven by strong trading volume and key liquidation levels.
The DeXe Network (DEXE) made waves recently by surging more than 12% in just 24 hours, sparking investor optimism about a possible shift in its market structure. This sudden momentum came amid a broader rally in the DeFi sector, which currently holds a total market capitalization of approximately $117 billion.
As of press time, DEXE was attempting to break above the descending trendline of a falling wedge pattern—a classic bullish reversal formation—trading near $13.86. This breakout attempt followed a critical accumulation phase, often referred to as the “Buy Zone,” between $12.50 and $13.50, indicating that traders had been building positions in anticipation of a price upswing.
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Key resistance levels for DEXE stand at $16.00 and $24.00, the latter marking the token’s previous peak in early February. If DEXE maintains momentum above its current upper boundary, the rally could extend towards these targets. However, failure to hold above the $13.50 range could see the price retreating to the wedge’s lower support, between $12.50 and $13.50. A drop below $11.30 would signify a breach of the bullish structure, potentially ending the upward trend.
Liquidity data also reveals significant clustering of leveraged positions at around $13.42, where approximately 268,000 orders are concentrated. This price level acts as a critical liquidation zone—if DEXE dips to this point, it could trigger massive long liquidations, applying selling pressure. Conversely, it may prompt a swift short squeeze if short-sellers close positions, pushing prices higher.
DEXE’s price action reflects the growing confidence in DeFi protocols, which are seeing increased adoption and interest. The DeFi market leaders—Lido (LDO), Hyperliquid (HYPE), and Chainlink (LINK)—continue to dominate with market shares of 20%, 9.42%, and 9.10%, respectively, while emerging players like Zebec Protocol (ZBCN) and Tellor (TRB) posted impressive weekly gains.
With DEXE’s bullish breakout attempt supported by strong volume spikes and technical indicators, the token’s near-term outlook looks promising. Should it sustain above resistance, investors could see further upside potential, reinforcing DeXe’s role in the expanding DeFi landscape.
