DeXe Surges Over 20%, Reaches New All-Time High on July 10

DeXe (DEXE) has surged over 20% in a single day, reaching a new all-time high on July 10 after breaking above key resistance and triggering heavy short liquidations. According to crypto.news data, DeXe's price climbed to $36.34 before easing to around $34.30, still posting gains of more than 22% over the previous 24 hours.

The move came after DeXe broke above the $28 resistance zone that had capped prices during a multi-day consolidation, triggering fresh buying activity as stop orders were activated and momentum traders entered the market.

Derivatives positioning added another layer of strength to the advance. Nearly 96% of liquidations over the past 24 hours came from short positions, forcing bearish traders to buy back their positions as prices accelerated.