DEXE has dropped approximately 36% in the last 24 hours š
Today, the DEXE/USDT token recorded a sharp decline of -35.71%, dropping from a daily high of $15.069 to a low of $8.291, before slightly rebounding to around $9.099 at the time of this writing.
Technically, the movement on the 4-hour timeframe shows signs of a massive structural breakdown:
* The price has aggressively broken below all EMA levels (13, 21, 99) in one dominant bearish candle.
* EMA(13) and EMA(21) are now sharply moving downwards, confirming medium-term seller dominance.
* RSI(6) has fallen to an extreme level of 9.29, indicating massive selling pressure and potential extreme oversold conditions.
* Stochastic K% is also stagnant below 20, with no strong signs of reversal for the time being.
With a price drop of over 50% in the last 90 days, the market appears to be pricing in negative sentiment, both from a fundamental perspective and whale actions.
Points to note:
* The 24-hour volume at $3.80M is relatively small compared to the impact of the volatility that has occurred ā this could indicate panic selling in a tight market.
* If support at $8.2 breaks, DEXE could potentially test down to $7.9 or even to the next base-level area.
š DISCLAIMER: Not Promotion & Not Financial Advice
