The DEXE token price rose about 10% in the last 24 hours, making it one of the top daily gainers among major cryptocurrencies. Buyers are still supporting the recent breakout, and on-chain data shows several large traders holding profitable leveraged long positions.
This recent price move has kept the DeXe coin above an important technical level that had limited its growth for months.
Lookonchain has also tracked four wallets holding 2x long positions on DEXE through Aster DEX, with total unrealized profits of about $1.32 million. The biggest gain among these positions is 104.57%, matching another day of price increases.
Over longer timeframes, DEXE crypto remains one of the market’s top performers, with returns of 19.3% in one week, 38.99% in one month, 724.98% in six months, 755.81% year-to-date, and 265.1% over the past year.
DEXE Price Consolidates Below $29 After Confirmed Breakout
Technical conditions have changed significantly. After a strong bullish move around June 22, the market shifted from making lower highs and lows to forming higher highs and higher lows, which is a classic sign of a bullish trend.
Javon Marks pointed out that DEXE has already surpassed his earlier target of $27.81, rising more than 300% from about $6.89. He now sees around $53 as the next major upside level, provided the price stays above the breakout zone.
In the short term, DEXE price outlook depends on whether buyers can push through the $28.8-$29.0 resistance zone, where the token has already faced selling pressure. Candles below this level have small bodies and wicks on both sides, suggesting a temporary balance instead of a reversal.
Earlier, the price consolidated in an accumulation range before breaking out with large bullish candles, higher volume, and little overlap. The breakout still hasn’t retested the demand zone at $24.2 to $24.8.
The trend remains strong. DEXE is trading around $27.67, well above the rising 20-period SMA at 25.118, which has served as support during earlier pullbacks.
The upward trendline has held through every significant correction, showing that buyers are stepping in at higher prices. Immediate support is around $27,4, then $25.0 near the 20 SMA, and finally the main breakout zone between $24.2 and $24.8. If the token loses these levels one after another, the trend could weaken. A clear break of the trendline would be the first real test for the current uptrend.
Momentum indicators still favor the bulls, even though conditions are stretched. The RSI is close to 71, which is technically overbought, but there is no confirmed bearish divergence, so momentum matches the price action.
Derivatives markets are also active. Volume is up 160.26% to $113.95 million, open interest has risen 13.75% to $126.27 million, and the OI-weighted funding rate is 0.0088%. This shows that most traders are still betting on higher prices, even as the DEXE token pauses below resistance.
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