$DEXE Bucking Bearish Trend, Eyes $25.5 Local Highs

The cryptocurrency market has been experiencing a downturn in recent days, with over $3.3 billion worth of leveraged positions liquidated since June 21st. On Tuesday, June 23rd, nearly $787 million longs were wiped out across the market.

Despite this bearish trend, DeXe ($DEXE) has been bucking the trend with a bullish long-term picture. According to AMBCrypto, whale accumulation and network activity at all-time highs (ATHs) indicate confidence in the ecosystem.

The price of $DEXE rallied in June, followed by a retracement into its golden pocket between $12.95 and $15.42. This pullback has been bought up, and at the time of writing, $DEXE was positioned to challenge its previous high of $24.49 once again.

The short-term rejection on Thursday, June 25th, was not a sign of weakness but rather a retest of the $20-$21 support area. The MACD's bullish crossover highlighted upward momentum, and the A/D indicator signaled buying pressure during the recovery from below $15.