DeXe Crypto Sees 22% Surge After Breaking Resistance Level

The DeXe (DEXE) cryptocurrency has seen significant gains in recent hours, rising 22% after breaking above a key resistance level.

According to data from TradingView, DEXE reached a price of $17.65, with trading volume increasing by 99% to $42.5 million.

The breakout above the $16 resistance level has sparked renewed interest in the token, with bulls potentially targeting higher prices.

However, despite the positive momentum, derivatives traders remain cautious, with short positions outweighing bullish bets according to data from CoinGlass.