$DEXE /USDT Price Action: Will Momentum Continue to $20?

DEXE
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$DEXE /USDT is trading at $18.139, marking a robust 15% increase over the past 24 hours. The pair has reached a high of $18.370 and a low of $14.810 during the same period, driven by strong trading volume, signaling bullish sentiment in the market.

Key Levels to Watch

Resistance:

$18.50: Immediate resistance, testing bullish strength.

$19.80: Key level for the next breakout.

Support:

$17.50: Vital support to maintain the upward momentum.

$16.90: Critical fallback level to avoid further downside.

Trading Strategies

For Bulls:

Entry: On a confirmed breakout above $18.50.

Target 1: $19.80

Target 2: $20.50

Stop Loss: $17.50

For Bears:

Entry: Below $17.50 if selling pressure increases.

Target 1: $16.90

Target 2: $15.50

Stop Loss: $18.50

Market Insight

With RSI at 64, there’s room for further upside before reaching overbought conditions. The MACD shows a continuation of bullish momentum, suggesting potential for additional gains. A breakout above $18.50 could lead to a rally toward $19.80 and beyond, while failure to sustain $17.50 may trigger a retracement.

Monitor these levels as DEXE approaches a critical decision point.

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