- DEXE rose more than 11% intraday to trade above $19.16, a weekly gain of 32%.
- Daily sales volume increased by approximately 38% to approximately $40 million, indicating accumulation.
- Technical support is at $15, while bulls can target $24 or higher.
DeXe (DEXE) took a hit on Friday, rising to $20 as buying pressure intensified on major exchanges.
The high volume and high weekly gains have caught the attention of traders and analysts, who are assessing whether the stock can expand further or whether the profit-taking can continue.
DeXe’s price is up 11% amid increased volume
The price of DeXe jumped more than 11% to trade above $19.16 after a strong intraday advance, moving DEXE to the top of CoinMarketCap’s list of weekly movers.
The 24-hour performance of the token contributed to a one-week rally in which DeXe gained nearly 32%, placing it among the top gainers in the market.
Other top performers were Stellar (+ 42%), Humanity (+ 23%), and Injective (+ 21%). DeXe is also up more than 58% in the last month.
The latest gains are linked to an impressive increase in chain operations and exchanges, with daily sales up nearly 38% to nearly $40 million.
An increase in the number indicates an increase in wealth, as consumers move into larger groups.
The combination of high prices and strong trading activity will help the case continue for a long time and position DEXE to challenge the hard-hitting areas if the sentiment continues.
The value of shares DEXE
DeXe’s technical chart shows the token’s test levels last seen in March 2025, indicating a multi-month retracement.
The moving averages continue to support the major uptrend. The 50-day simple moving average (SMA) is currently acting as a support level, while the 100-day SMA is lower and offers deeper technical opportunities for owners.
The main resistance remains near $20, followed by the most important barrier around $24. These areas can attract profit from short-term traders and can act as some obstacles.
At the bottom, the initial support is close to $15, a level that corresponds to the initial integration with areas that require intraday.
Strong support is near the 50-day SMA around $12.84 and the 100-day SMA near $9.17. A further decline indicates a weakening trend and may lead to more selling.
In order for the bulls to continue to dominate, DEXE will need to close deep above the $20 level while maintaining high trading volume, reducing the risk of a rapid reversal.
However, if the indicator fails to break above $20 and the sellers regain control, the rally could quickly lose momentum.
An increase in trading volume would increase the chance of a return to the $15 support area.
