**$DEXE /USDT Showing Bullish Momentum – Is It Time to Invest?**
The DEXE/USDT pair is currently displaying strong bullish signals, making it an intriguing opportunity for traders. Here’s why:
- **Price Action**: Despite a minor dip of -2.09%, DEXE is holding steady at **12.444 USDT**, with the 15-minute chart showing a higher level at **12.665**, indicating potential upward momentum.
- **Technical Indicators**:
- **Stochastic RSI (STOCHRSI)** is at **83.363**, well above the midpoint, signaling strong buying pressure.
- **Moving Averages (MA)** are aligning favorably, with MA(5) at **802.99** and MA(10) at **779.69**, suggesting a bullish crossover could be forming.
- **24h High/Low**: The price is consolidating near the **24h high of 12.790**, hinting at a possible breakout.
**Key Levels to Watch**:
- **Support**: 12.318 (24h Low)
- **Resistance**: 12.790 (24h High), with a break above potentially targeting higher levels.
**Should You Invest?**
While the indicators are bullish, always consider:
- **Risk Management**: Set stop-losses near support levels.
- **Volume**: Confirm momentum with increasing trading volume (current 24h Vol is **1.30M USDT**).
- **Market Sentiment**: Keep an eye on broader DeFi trends.
DEXE looks promising for short-term trades, but DYOR before jumping in!
**What’s your take?** Are you bullish on DEXE? Share your thoughts below!