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The DeXe price surged 14% in the last 24 hours to trade at $13.97 as of 12:28 a.m. EST on a 396% increase in trading volume to $43.8 million.
This increase in the DEXE price has put the crypto at the number 1 spot of CoinMarketCap’s list of biggest gainers.
DeXe Price Poised For A Breakout
The DEXE price has been consolidating within a well-defined falling wedge pattern on the daily chart, a formation often considered bullish when found in a downtrend.
The wedge is clearly marked by the converging, descending trendlines originating from the peak near $25 (Point B) and narrowing toward the current price zone around $13.97 (Point D), data from GeckoTerminal shows.
This falling wedge is nearing its apex, indicating an imminent breakout.
The DeXe price recently bounced off support near $12 (Point C), forming a higher low, a potential signal of bullish momentum building.
The chart also shows that the price of DEXE has been hovering just below the 50-day Simple Moving Average (SMA) at $13.56 and remains beneath the 200-day SMA at $14.84, both of which act as key dynamic resistance levels.
Currently at 59.12, the Relative Strength Index (RSI) is in neutral-to-bullish territory. While not overbought, it is recovering from the overbought region, which shows increasing buying interest.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows positive momentum, with the blue MACD line crossing above the orange signal line.
DEXE Price Targets $20
DEXE appears poised for a bullish breakout from the falling wedge pattern. A confirmed breakout above the upper wedge resistance and the 200-day SMA ($14.84) would likely trigger a strong upward move, with initial resistance levels around $17 and $20, aligning with prior horizontal resistance zones.
If the breakout fails and the DeXe price breaks down from the wedge support ($12), a retest of the $10–$11 range is possible.
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