\n\t\t\t\t\t\t\t\t\tThe altcoin\u2019s market cap exceeded $1 billion. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The crypto market has been quite unstable (to say the least) lately, with the past 24 hours delivering another substantial correction. Bitcoin (BTC) briefly tumbled below $62,000, while numerous altcoins also entered red territory.<\/p>\n
However, DeXe (DEXE) defied the bearish conditions, soaring by double digits over the last day. While several analysts expect further short-term increases, one key technical indicator suggests it might be time for a pullback.<\/p>\n
New ATH Soon?<\/h2>\n
The lesser-known altcoin is currently worth around $23 (per CoinGecko), representing a whopping 50% spike from yesterday\u2019s figure. Its market capitalization has surpassed the psychological $1 billion threshold, making DEXE the 65th-largest cryptocurrency.<\/p>\n Perhaps one of the main catalysts for the rally is MEXC\u2019s support. The prominent crypto exchange included<\/a> DEXE in its futures trading section, allowing adjustable leverage up to 50x.<\/p>\n The analyst, using the X moniker \u201cThe Boss,\u201d\u00a0claimed<\/a> that the token \u201cis showing one of the strongest structures\u201d among altcoins, noting buyers\u2019 quick reaction\u00a0<\/span>after every pullback. The market observer paid close attention to the $24 resistance level, arguing that if bulls turn it into support, the uptrend could continue to as high as $39. DEXE has been on the market since late 2020 and reached an all-time high of almost $30 the following year, meaning a rise of that magnitude would mark a new historic peak.<\/p>\n OxNeena also chipped in. According to the analyst, DEXE is breaking out<\/a> of a bullish Cup & Handle formation that could push the price above $27 in the near future.<\/p>\n Contrary to prevailing optimism, some industry participants anticipate an upcoming correction. Crypto with Haris \u20bf, for instance, opened<\/a> a $40,000 short position on DEXE, describing the $22.80-$23.30 area as \u201cvery important.\u201d<\/p>\n \u201cIf buyers were still fully in control, price should have already reclaimed the recent highs. Instead, <\/span>DEXE <\/span>is struggling below resistance while volume is cooling down. That usually happens when a trend starts losing strength,\u201d the analyst explained.<\/p>\n<\/blockquote>\n They further predicted that a plunge below $22 could drop the price to as low as $18.<\/p>\n DEXE\u2019s Relative Strength Index (RSI) should also serve as a warning. Its ratio has climbed to 87, meaning that the coin has entered extreme overbought territory and could be due for a pullback. The RSI ranges from 0 to 100; anything below 30 is considered a buying opportunity.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nTime to Short?<\/h2>\n
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![\"DEXE](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/DEXE-Price.png\")
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