DEXE Nears $10.92 Retracement—Time to Buy the Dip or Brace for Impact?

Crypto traders eye DEXE’s potential pullback to $10.92—a classic ’blood in the streets’ moment or just another Tuesday in DeFi volatility?

Technical indicators scream oversold, but let’s be real: when has that ever stopped a crypto asset from dumping another 20%? The token’s recent 30% slide from its ATH smells like either a golden entry or a trapdoor for overeager bulls.

Meanwhile, institutional traders are probably sipping lattes while retail FOMO merchants debate TA patterns. Remember kids: in crypto, ’buying opportunities’ often come with free existential dread.

DeXe signals buying opportunity

Source: DEXE/USDT on TradingView

The rally in early 2024 saw from $2.78 to $18.33, was a sign of bullish intent, breaking the bear market. It receded to the 78.6% retracement level at $6.1 before rallying to $24.2 in January 2025.

It was interesting that the 23.6% extension level at $22 offered some resistance to DeXe bulls in December and January. The token has been in a retracement phase since then, although it retained its long-term bullish structure.

Source: DEXE/USDT on TradingView

The 1-day chart was used to plot another set of Fibonacci retracement levels of the rally toward the end of 2024.

It showed that the 78.6% level was at $10.92, and the DEXE prices nearly tested this level twice over the past month.

If history repeats itself, a retest of $10.92 as support would offer a good buying opportunity. The technical indicators on the daily chart did not show much bullishness due to the past six weeks’ price action.

The A/D indicator was in a slow downtrend, reflecting a lack of strong demand for DEXE. The CMF also struggled to clear the +0.05 level for two months, another sign of weakness from the buyers.

Overall, although a deeper DEXE dip would present a buying opportunity from a technical perspective, its low trading volume (exhibited by the 50DMA) was a concern. Buyers should exercise caution.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion