$DEXE /USDT Faces Continued Pressure as Bears Defend Key Levels
DEXE/USDT is trading under sustained bearish pressure, with price hovering around the 2.32 zone after failing to hold recent intraday recoveries. The current structure reflects a clear short-term downtrend, as price remains below all major moving averages on the 1-hour timeframe. The 7-period moving average has crossed below the 25-period MA, while the 99-period MA remains far above price, confirming a dominant bearish bias and weak upside momentum. Repeated rejections near the 2.42–2.45 region indicate that sellers are actively defending this zone, preventing any meaningful trend reversal.
Volume has remained moderate, suggesting steady distribution rather than panic selling. This often points to a controlled bearish continuation unless strong demand steps in. The recent low near 2.32 is acting as immediate support, and a decisive breakdown below this level could expose the market to further downside toward the 2.20–2.15 range. On the upside, any recovery attempt is likely to face resistance near 2.38 first, followed by stronger selling pressure around 2.45 where previous breakdowns occurred.
From a broader perspective, DEXE has significantly underperformed over recent weeks, reflecting weak market confidence and limited bullish participation. For a short-term trend shift, buyers would need to reclaim and hold above the 25-period moving average with increased volume. Until that happens, the overall outlook remains cautious, with bearish momentum still controlling price action and rallies likely to be corrective rather than trend-changing.
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