In this DeXe technical analysis, we will examine the current price action, trading volume, key levels and indicators for DEXE-USDT. DeXe is a decentralized exchange (DEX) built on the Ethereum blockchain that enables users to trade a variety of assets in a trustless and permissionless manner. With its innovative liquidity pooling mechanism, DeXe provides a more efficient and cost-effective trading experience for users compared to traditional centralized exchanges. Additionally, DeXe’s use of decentralized governance ensures that the platform is truly community-driven and resistant to censorship.
DeXe Price Overview:
As of May 13, 2024, DeXe is trading at approximately 12.326 USDT. Let’s dive into the detailed price action for DEXE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 12.617 |
| High (H) | 12.801 |
| Low (L) | 12.087 |
| Close (C) | 12.326 |
| Volume (C) | 64,812.13 |
- Open (O): The opening price for today’s trading session was approximately 12.617 USDT.
- High (H): DeXe reached a daily high of around 12.801 USDT.
- Low (L): The daily low for DEXE-USDT was approximately 12.087 USDT.
- Close (C): At the time of analysis, DeXe is trading near its daily close of 12.326 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.35% |
| 3D Change (%) | -2.91% |
| 7D Change (%) | -6.40% |
| 30D Change (%) | 5.39% |
| 90D Change (%) | 297.61% |
| YTD Change (%) | 220.66% |
Over the past three days, DEXEUSDT has decreased by approximately -2.91%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -6.40%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DEXEUSDT maintaining an upward trend of approximately 5.39%, despite intermittent fluctuations. Examining the last 90 days, DEXEUSDT has witnessed substantial increase of approximately 297.61%, reflecting strong long-term confidence. Year-to-date, DEXEUSDT has steadily appreciated by around 220.66%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
DeXe Live Chart:
You can access a live price chart for DEXE-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.548.
- Momentum score is -0.08186.
DEXE USDT Technical Analysis
DeXe Trading Volume:
The trading volume for DeXe (DEXE) over the past 24 hours has been insignificant, with approximately 64,812.13 USDT traded against DEXE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): DEXE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): DeXe is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DEXE-USDT is currently in the neutral zone, around 50.86169. This suggests that DeXe is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
DeXe (DEXE-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Anticipate potential setbacks for DeXe (DEXEUSDT) at 12.33 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.