Overview of DeXe (DEXE)
DeXe is the token for a social trading platform and DAO management on Ethereum. It allows copying traders' deals, and DEXE is used for voting, rewards, and transactions.
- Price (June 5, 2025): ~$8.96–$9.31 (Binance).
- Market capitalization: ~$706–763 million.
- Trading volume (24h): $20–29 million.
- News: Integration with GraFun Labs, V2 app update, DAO development.
Technical Analysis
- Trend: Daily chart shows correction after peak of $14.41 (June 3). A descending wedge is forming, a bullish breakout is possible.
- Levels:
- Support: $8.63, then $7.20.
- Resistance: $10.00, $14.35 (target — $24 on breakout).
- Indicators:
- RSI: ~50–60 (neutral zone after overbought 84.8).
- MACD: Bullish divergence.
- EMA: Price is above 100 EMA (hourly), but below 50 EMA ($10).
- Chart: On Binance (DEXE/USDT) the price is testing $8.63. View the chart on Binance or TradingView (DEXEUSDT).
Weekly Forecast
- Bullish: Holding $8.63 and breaking $10 can lift the price to $14.35 or $24.
- Bearish: A drop below $8.63 will lead to $7.20.
- Likely: Sideways $8.63–$10 with potential growth on news.
Recommendations
- Traders: Buy at $8.63 (stop-loss $8.50, target $10–$14.35). Sell on break below $8.63 (target $7.20).
- Investors: Prospects are positive, but wait for trend confirmation.
- Monitoring: Follow Binance and X (@DexeNetwork).
Risks: High concentration of tokens (80% in top 3 wallets), market volatility.