- DEXE goes sky-high, then comes crashing down faster than a bad sitcom plot.
- Derivatives volume spikes like a teenager’s hormones, and $14 is the magic number. Coin flip anyone?
DEXE [DEXE] had a moment, like that one time you thought you were in great shape until you tried to run a marathon.
Then, like a deflated balloon, it dropped over 30% in a day. Traders are like, “Buy the dip?” 🤔 Here’s the juicy stuff.
Bulls are eyeing $14.5 like it’s the last slice of pizza
DEXE tried to break out of a symmetrical triangle in April ’24 but failed harder than my high school math exams. Down 60% it went!
But like a phoenix rising from the ashes, it rebounded 190% to $21. Then, like a kid on a sugar rush, it crashed.
DEXE’s at $15 now, like a teenager grounded for staying out past curfew. Below its 20-day and 50-day EMAs? Ouch.
But hey, it’s still above the 200-day EMA, which is like getting a participation trophy in a losing game.
If the bulls can hold the $13-$14 range, they might just save the day. Otherwise, it’s back to the crypto mines.
A rebound could push DEXE back to $17, but the RSI is looking more bearish than a grizzly with a headache.
If buyers can’t push past the 50-level, it’s curtains for the rally. Or is it?
Derivatives data is like a box of chocolates – you never know what you’re gonna get
DEXE’s derivatives volume went through the roof – 180% up to $153.43 million. It’s like everyone’s playing the lottery.
Open Interest took a 6.74% dive, like traders are saying, “I’m outta here!” after the sell-off.
The Long/Short ratio is at 0.92, but Binance traders are more bullish at 1.51. Go figure.
So, it’s a coin toss. $14.5 is the line in the sand. Cross it, and it’s game over. Stick around, and we might just have a party.
If DEXE holds $14.5, it could rally back to $21. Fall below, and it’s like falling off a cliff – straight to $11.
Read DeXe’s [DEXE] Price Prediction 2025–2026 – if you dare.
Before you go all in, check the market sentiment. DEXE’s got a bullish story, but then again, so did my last diet plan.
Short-term traders, keep your eyes peeled. This could be your chance to get in on the action. Or not.
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2025-01-30 09:16