🚀 $DEXE
/USDT Technical Analysis – Binance Update
📊 Current Price: $13.33 (+3.43%)
📈 24h High: $14.297
📉 24h Low: $12.783
📦 24h Volume: 7.82M USDT
DEXE has shown strong momentum today, with a significant intraday gain of over 3%. The price is trading above key support levels, indicating potential for further upside. Here’s a detailed breakdown and target outlook:
Technical Analysis
1. Support Level: $12.78
The 24-hour low has proven to be a critical support zone. A break below this level may invalidate the bullish scenario.
2. Resistance Levels to Watch:
Target 1: $14.00 – Psychological barrier and close to the daily high. A breakout here could push prices further upward.
Target 2: $14.80 – Strong resistance from a recent high in the 4H timeframe. Momentum will be key to surpass this level.
Target 3: $16.20 – Mid-term target if bullish sentiment persists. Look for sustained volume and bullish candlestick patterns.
3. Indicators in Focus:
RSI: Approaching overbought levels but still signaling room for upward movement.
MACD: Bullish crossover on the 4H timeframe, suggesting continued momentum.
Moving Averages: Price is trading above the 50 EMA, reinforcing bullish sentiment.
Trading Strategy
Bullish Case: A close above $14.00 will likely confirm a breakout. Consider entering long positions targeting $14.80 and $16.20.
Bearish Case: Watch the $12.78 level carefully. If broken, the price may retrace to $12.50 or lower.
🎯 Summary of Targets:
1️⃣ $14.00 – Short-term resistance.
2️⃣ $14.80 – Intermediate resistance.
3️⃣ $16.20 – Mid-term bullish target.
⚠️ Disclaimer: This analysis is for informational purposes only. Always conduct your own research before making any trading decisions.
💬 Let us know your thoughts on DEXE/USDT! Where do you think it’s heading next?
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