The altcoin market cap has risen by nearly 7% since the start of the month. The top tokens in the AI sector did not show strong short-term upward momentum, except for DeXe [DEXE].
The decentralized social trading and asset management network’s native token has shot higher by 17.5% in the past 24 hours. The daily trading volume has climbed by 201%, a sign of market conviction backing the swift gains.
Towards the end of June, AMBCrypto had reported that the DeXe price action warranted a cautiously bullish bias from swing traders and investors. The ATH in network activity reinforced the altcoin’s remarkable relative strength against the broader crypto market.
A route to and beyond $30 looks increasingly likely
On the 1-day chart, the swing structure for the altcoin was firmly bullish. The latest upward leg from $9.81 to $24.49 was followed by a deep correction and another push higher. This push has not yet ended, but it has surpassed the 23.6% Fibonacci extension level.
The CMF was rising steadily, and its reading of +0.24 showed sizeable capital inflows to keep the DEXE. Alongside the spike in daily trading volume, the volume trends supported the idea of a continued bullish price expansion.
Yet, the MACD was at its highest level it has been in 2026, and the Stochastic RSI was persistently in overbought territory in recent days. The momentum indicators were signaling potential overextended conditions, though it need not bring an immediate price correction.
Traders’ call to action- Wait to buy
The 2-hour chart was also strongly bullish. It is unclear if further northward expansion would come immediately or if a pullback would start. A drop below $26.93 would be an early sign of a deeper pullback.
Traders and investors can wait for a move toward $24.65 to buy, but also understand that a rally beyond $30 could occur before such a pullback.
Another factor that could affect DEXE trends was Bitcoin [BTC], which was closing in on the $64k local supply zone.
Final Summary
- The DeXe price action was firmly bullish, and its recent standout performance was not matched by other AI sector tokens either.
- The relative strength was acompanied by high buying volume, and it is unclear if the momentum would see a deep correction below $25 before continuing higher.
