Dexe's recent price surge has brought the cryptocurrency into a consolidation zone, sparking debate about its future trajectory. The price action suggests a strong uptrend, with demand returning after a long period of weakness.
According to TradingView data, Dexe's price opened at $7.165 and dipped to $7.134 before rising sharply to $8.350, closing around $8.119 with a 13.36% gain in a day.
The move follows a base formed above $1.744 in early February, where selling pressure eased and buyers began to take control. As confidence improved, the price moved above the 100 EMA at $4.525 and the 200 EMA near $5.261, signaling a shift from a weak trend to a stronger upward structure.
The increased momentum is supported by higher volume, indicating more participants are entering the market. Technical indicators also show strong capital inflows, with RSI hovering around 76.24 and CMF at 0.21.