📉$DEXE DEXE Tanks 7.10% – What’s Next for the DeFi Gainer? 🚨
After reaching a 24-hour high of $10.068, $DEXE has faced intense selling pressure, tumbling to a low of $8.646. The DeFi token now sits at $8.785, reflecting a 7.10% drop in the last 24 hours.
What Happened?
A strong rejection at the $10.068 resistance triggered a sharp correction, leading to consecutive red candles.
Increased trading volume signals heavy profit-taking as traders rush to secure gains.
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Key Levels to Watch 🔍
Immediate Support: $8.646 – If this level holds, a bounce-back to $9.10 or higher could be possible.
Next Resistance: $9.618 – Bulls need to reclaim this level to regain momentum and test $10 again.
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Trading Insights:
1️⃣ Short-term: Look for signs of reversal at support; volume and bullish confirmations will be key. 📈
2️⃣ Caution: Breaking below $8.646 could signal further downside toward $8.57. Traders should keep stop-losses tight.
3️⃣ Long-term: DEXE remains a strong DeFi contender. Corrections like these often create great buying opportunities for patient investors. 🚀
Will DEXE bounce back, or are we looking at further dips? Share your thoughts below! 👇