⚠️ Analysis of DEXE coin after the price crash - Has the decline ended or is there more to come?
The DEXE coin experienced one of the sharpest crashes in 24 hours, falling from a high of $15.069 to $8.291, before recovering and stabilizing relatively around $9.31. This violent move raises several questions: Is it a buying opportunity? Or is the decline not yet over? Let's analyze the picture technically.
📉 What happened?
The price of DEXE dropped very sharply in a single large candle, indicating a sudden outflow of liquidity or perhaps negative news that prompted investors to sell en masse. The rapid decline broke all moving averages (EMA 7 - EMA 25 - EMA 99) at once, which is a very negative signal.
🔍 Technical indicators
Moving averages (EMA): The price is now below all averages (especially EMA99 at $13.48), indicating that the overall trend has completely turned bearish.
Stochastic RSI: The indicator is in a strong oversold area (K = 19.16 / D = 28.03), which means that the price may correct upwards soon, but there are no confirmed buy signals yet.
Trading volumes: We notice an explosion in trading volumes at the moment of the fall, followed by a gradual decline, indicating a state of caution in the market.
🧱 Support and resistance areas
Current support: $8.29 (crash bottom) – breaking this will lead to a potential new crash.
Nearby resistance: $10.93 then $12.55 – hard to break without strong buying interest.
