DEXE don surge 124% in three weeks as BTC don pass $70K; small-term pullback fit possible
DEXE (DEXE) don shoot up sharply these past weeks, rally don reach about 124% in three weeks and e touch around $5–$5.03 quick quick to hit a four-month high after Bitcoin pass $70,000. The move quicken with 7% gain for 24 hours and volume for the day jump about 40% for the latest update; weekly gain be around 41.5%. Earlier intraday report show another breakout above $3.71 with intraday gain near 22% and short-term high above $4.70 on a ~190% volume spike, meaning this rally come in stages. On-chain and technical indicators dey show strong buying pressure: Chaikin Money Flow (CMF) don stay above +0.05 for three weeks, Accumulation/Distribution confirm inflows, MACD show bullish momentum, and daily RSI don dey overbought many times (above ~70–76). Moving averages don form bullish crossovers as price clear the 50- and 100-day EMAs; 200-day EMA dey near $5.03 and long-term supply/resistance dey around $6.30–$7.30 where sellers bin defend gains in Oct–Nov 2025. Key trading levels: bullish continuation fit happen if get decisive daily close above $4.22–$5.00, but if e no hold $4.00–$4.20 fit make retracement go to $3.59, $3.24 or lower supports near $2.10. Risks include concentrated long-liquidation clusters below market, persistent overbought RSI readings wey increase chance of pullback, and wider macro/geopolitical volatility wey so far no stop risk appetite. For traders: watch volume confirmation, EMA support zones, on-chain inflows, and break of $6.3–$7.3 supply zone for next leg up; a retest to ~ $5 fit offer tactical buy if on-chain flows remain constructive. This summary na information only and no be investment advice.
Bullish
Di reports dem combine dey show clear bullish price breakout for DEXE, supported by rising volume, bullish moving‑average crossovers, positive MACD, and steady on‑chain inflows (CMF > +0.05 and Accumulation/Distribution). Price don advance for stages — from breakout above $3.71 to intraday highs near $4.70 and then four‑month peak about $5 — wey show momentum and buyer conviction. Short‑term risks (overbought RSI and clustered liquidation levels below price) dey increase chance of pullbacks, so traders suppose expect volatility and possible retracements to $4.00–$5.00 as consolidation before continuation. For longer term, reclaiming and holding above the 200‑day EMA (~$5) and breaking the $6.3–$7.3 supply zone go support sustained bullish trend. On balance, indicators and volume profile favor further upside for DEXE, with tactical risk management recommended.