This is the 1-hour K-line chart analysis for today #DEXE !
The current DEXE price is hovering around $9.16, and this trend is a bit strange. The price surged directly from $9.11 to $15.06, and this surge was too strong, but then it plummeted, and now it has fallen back to $9.16. This drop has clearly increased in volume, with VOL showing a transaction of 34,985 units, and the estimated transaction volume has reached 65,769 units, indicating that funds are fleeing.
In terms of moving averages, MA7 is $9.2, MA30 is $12.69, and the short-term moving average has crossed below the long-term moving average forming a death cross. EMA7 is $9.57, EMA30 is $11.94, and the exponential moving averages have also formed a death cross, which is usually a bearish signal.
The MACD indicator is even worse, with the DIF line at -1.382 and the DEA line at -1.054 forming a death cross. The MACD histogram is at -0.657, indicating strong bearish momentum. The KDJ indicator is also poor, with the K line at 14.23 and the D line at 17.82 having already crossed down, and the J line at 7.05 has turned sharply downward, indicating further declines are expected.
Currently, DEXE’s trend is very weak, and the lower support is first looking at the $9 integer mark. If this position cannot be held, it may need to find support around $8.5. Of course, if it can break through $9.5 with volume in the evening, there may still be a chance, but the probability is not high. In summary, the risk for DEXE is very high right now.
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