DeXe slips 13% – But here’s why the pullback may be temporary
DeXe (DEXE) has recently pulled back by approximately 13% after a significant rally, gaining over 1,000% in the past six months. This dip is largely attributed to profit-taking by buyers. Analysis of the price chart indicates the sell-off may be temporary. Key demand zones are seen as potential support levels, with the first zone being the most likely to hold. Technical indicators support this view: the Accumulation/Distribution line shows slight upward divergence despite falling prices, and the RSI remains in a neutral-bullish range near 52. Furthermore, spot market data reveals a sharp decline in net selling pressure, dropping more than tenfold from its recent peak. The evidence suggests the current weakness is a slowdown within a longer-term bullish trend rather than a decisive reversal.
ambcrypto07/14 16:02
