DEXE eyes $10 comeback – But THIS hints at a reversal risk
Main Idea
DEXE is experiencing bullish momentum with potential to reach $10, but declining trading volume suggests a possible reversal risk.
Key Points
1. DEXE's price increased by 8.43% in the past 24 hours, trading at $8.31 at press time.
2. Perpetual market liquidity has grown, with $1.7 million added, indicating bullish sentiment.
3. Spot investors have begun accumulating DEXE again, with $26,700 worth purchased recently.
4. Trading volume decreased by 34% to $14.5 million, signaling weakening momentum.
5. The Accumulation/Distribution (A/D) indicator shows a potential shift into the positive zone, which could lead to a fresh price increase.
Description
DEXE’s recent gains may falter as momentum fails to support the ongoing rally.
$DEXE
$8.494
+2.66%
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