$DEXE at a crossroads: Will the trend flip? 🚀🤔

DeXe ($DEXE ) is holding steady at $7.53, but don’t be fooled by the recent uptick. The 99-day SMA hovering at $7.81 is a key resistance level, while the 25-day SMA at $7.62 is adding more pressure from above. This tight price action signals that $$DEXE s struggling to find bullish momentum. MACD is still in bearish territory, with the histogram slightly recovering, but it’s far from a decisive turnaround. 😬

Trading volume is thin, with only 4.74K, indicating weak market interest. Bulls need a strong push above $8 to regain control, but right now, that seems like a distant goal. If the price breaks below $7, expect further downside to the $6.50 level. On the flip side, if volume kicks in and we see a solid breakout above $8, DEXE could test $9 in a short squeeze. The odds, however, lean bearish unless we see a strong reversal soon. Stay cautious.