$DEXE /USDT trading pair on Binance. Here's the detailed analysis:
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Key Details:
1. Price: The current price is 19.313 USDT, with a 14.75% increase in the last 24 hours.
2. 24H High and Low:
High: 21.861 USDT
Low: 16.827 USDT
3. Volume:
24H Volume (DEXE): 1.57M
24H Volume (USDT): 30.86M
4. Chart Timeframe: 1-hour candles, showing price movements every hour.
5. Moving Average (Yellow Line): Represents the short-term trend of the price.
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Observations:
Upward Momentum: The price surged from 14.836 USDT to a peak of 21.861 USDT, showcasing a strong bullish rally.
Correction: After reaching the peak, the price retraced and stabilized around 19.313 USDT, indicating consolidation.
Support Levels:
Immediate support is near 19.000 USDT.
A stronger support is visible near 16.827 USDT (24H Low).
Resistance:
Immediate resistance lies at 21.861 USDT (24H High).
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Indicators:
Moving Averages: The moving average line is slightly flattening, suggesting that the bullish momentum may be slowing down.
Volume: A decrease in volume during the retracement phase implies reduced trading activity, which is typical after a strong rally.
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Conclusion:
If the price breaks above 21.861 USDT, further bullish momentum could occur.
A drop below 19.000 USDT might lead to a retest of lower support levels near 16.827 USDT.
Monitor trading volume and key support/resistance levels to confirm trend continuation or reversal.
Let me know if you need additional insights!
