$DEXE Technical Analysis – Binance | Target Price Analysis

the $DEXE trading pair is showing a strong bullish trend, with the current price sitting at $8.27, reflecting a +9.99% increase over the last 24 hours.

Key Data Points:

Current Price: $8.27

24h High: $9.343

24h Low: $7.314

24h Volume (DEXE): 1.56M

24h Volume (USDT): 12.90M

Moving Averages:

MA(7): $8.356

MA(25): $8.348

MA(99): $8.164

Price Action Overview:

$DEXE has experienced a strong upward movement in the last 24 hours, currently trading just below its 24h high of $9.343. This indicates a healthy bullish momentum. The price has gained 9.99%, suggesting that the market sentiment is positive, especially as it holds above the short-term moving averages.

The 7-day moving average (MA(7)) of $8.356 and the 25-day moving average (MA(25)) of $8.348 reflect steady support levels for the asset. The 99-day moving average (MA(99)) at $8.164 provides a more comprehensive view of the longer-term trend and shows that the price is still in a bullish stance above this key level.

Short-Term and Long-Term Outlook:

Immediate Target: The immediate target is the recent 24h High of $9.343, which could be tested if the bullish momentum continues. A break above this resistance level would open up further upside potential towards $10.

Support Zone: A strong support zone is seen near $7.350, which aligns closely with the recent low. A drop below this level could signal a potential reversal or correction.

Key Levels to Watch:

Resistance: $9.343 (24h High), $10 (psychological level)

Support: $7.350 (24h Low), $8.164 (MA(99))

Conclusion:

With DEXE showing consistent upward movement and holding above key moving averages, the price action suggests a bullish trend for the short-term. Traders might look for a potential retest of $9.343 as the next target. However, cautious traders should monitor the support level at $7.350 for any signs of price rejection.

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