General overview
DEXE (DeXe Network) is a DeFi platform specializing in social trading and decentralized investment management. The project offers tools for copy trading and creating investment funds on the blockchain.
Technical analysis
Current situation
Price level: DEXE is in the consolidation zone after a recent correction
Trading volumes: An increase in activity is observed, which may signal an upcoming movement
RSI: In the neutral zone (around 50), indicating the possibility of movement in any direction
Key levels
Support: 3.20 USDT - a strong level from which bounces have been observed
Resistance: 3.85 USDT - the nearest level, a breakout of which may open the way to 4.50 USDT
Critical zone: Below 3.00 USDT, it is recommended to reconsider the position
Fundamental factors
Ecosystem development: Active expansion of the platform's functionality
Partnerships: Recently announced new integrations with other DeFi projects
Community activity: Growing user base and increase in TVL (Total Value Locked)
Growth prospects
Short-term outlook (1-2 weeks)
Growth potential: 15-20% from current levels
Target price: 4.20-4.50 USDT
Catalysts: Technical breakout of resistance, increase in trading volumes
Medium-term outlook (1-3 months)
Growth potential: 30-45% in a favorable scenario
Target price: 5.00-5.50 USDT
Dependence: Strongly correlates with the overall sentiment of the DeFi sector
Entry recommendations
Optimal entry points
Aggressive entry: Current levels with a stop-loss set below the support level of 3.20 USDT
Conservative entry: After confirming the breakout of the level 3.85 USDT with a retest
Position management
Stop-loss: 3.10 USDT (about 10% from the current price)
Partial fixation: Upon reaching 4.20 USDT (around 20% profit)
Full fixation: Upon reaching 4.50-5.00 USDT or upon the emergence of reversal signals
Possible risks
Overall market correction: In case of a decline in Bitcoin and major altcoins
Regulatory risks: Increased control over the DeFi sector
Competition: Emergence of more technological solutions in this segment
Conclusion
DEXE shows signs of preparing for an upward movement with a growth potential of 15-20% in the short term. The current moment appears favorable for entering a position with controlled risk. It is recommended to monitor trading volumes and the overall sentiment of the DeFi sector for strategy adjustments.
On the BingX platform, you can open a position in DEXE with optimal leverage and set corresponding stop orders to manage risks.
The information above is not investment advice.