Will DEXE Reach $24? The Latest Crypto Rollercoaster

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Ah, DeXe Network (yes, that’s DEXE for you), the little cryptocurrency that could, has been buzzing like a swarm of bees on a summer morning. Recently, it attempted to break free from its downward spiral, trying to leap above a falling wedge pattern that looks more like a doodle drawn by a particularly distracted student. As of now, DEXE was aiming to push past its main resistance level—at $13.41. Because, of course, that’s the magic number where traders get excited and start throwing virtual confetti. 🎉

In the past 24 hours alone, DEXE rose a respectable 12.4%, reinforcing the idea that everyone’s favourite DeFi token might have a little more gas in its tank. Meanwhile, the entire DeFi sector floated at a hefty total market cap of $117 billion—nothing like a bit of digital gibberish to make two hundred digital bankers feel important.

The big players—Lido, Hyperliquid, and Chainlink—are still hogging the limelight with market caps of $23.4 billion, $11 billion, and $10.7 billion respectively. These titans now hold around 20%, 9.42%, and 9.10% of the DeFi pie. The others—Zebec Protocol, Tellor, and Lorenzo Protocol—are doing quite well, thank you very much, with gains of 161%, 81.1%, and 21.9% over the past week. Who knew that in the world of cryptocurrencies, the pace of growth is roughly comparable to a caffeinated squirrel on a sugar rush?

Daily performance and price analysis

After a hefty 12% uptick, DEXE evidently decided that now was the perfect time to try and escape its own shadow. It recorded a trading volume that exploded by 597%—because why not?—and nudged itself over the descending resistance line of the falling wedge, changing hands at around $13.86. That’s right, the crypto version of a kid trying to climb out of a sandbox without getting dirt on his face.

For a brief moment, DEXE was hanging out between $12.50 and $13.50—a zone traders have affectionately dubbed the “Buy Zone,” in which everyone seems to be pretending they know what they are doing. This level is seen as a crucial point for accumulation—as if traders are stockpiling digital cookies for winter.

If DEXE can keep its nose above the upper boundary and stay energetic, we might see it climbing back to $16, then possibly $20 and dare I say, $24—the heights it last visited in early February. Aiming that high? Well, that’s just crypto optimism—and a dash of madness. 🚀

If, on the other hand, it fails to conquer resistance, the coin might retreat back down to the wedge—around $12.50 to $13.50—where traders will probably do some desert island-style stockpiling again. Should the price drop below $11.30, then the whole bullish pattern might go the way of the dinosaur, and everyone will have to start their analysis from scratch, again.

Image for visual enthusiasts

In technical terms, this breakout appears to fit the classic falling wedge reversal pattern—so, it’s not all just luck or wishful thinking. It’s a potentially bullish sign, provided the candle closes above resistance, because in crypto, candle closings are as vital as coffee on Monday morning. Support levels sit at around $13.20, with fierce resistance around $16.00. However, the real bullish dream targets at $24 are still on the horizon, assuming the stars align and traders remember how to be optimistic.

DEXE liquidation levels: a bit of a blood sport

On the grim side of things, analysis shows that about 268,212 positions are clustered at the $13.42 level—a number that makes you wonder if traders are just stacking their chips, hoping for a miracle. Adjacent to this, a crowded zone sits slightly below at $14.16, where both longs and shorts might be squaring off like a pair of angry cats.

If DEXE slips down to $13.42, brace yourself—massive long-liquidations could happen faster than a sneeze, potentially forcing a quick rebound or hammering the price downward like a bad joke. Meanwhile, brave buyers are probably rallying their spirits to defend these levels, prepared to punch sellers right in their virtual noses.🥊

Visual of liquidation heatmap

If DEXE tests $13.42, short traders might be forced to close their positions quickly to lock in profits, which could cause the price to spike higher—because nothing says “market drama” like a sudden explosion. The current momentum above $14 suggests that as long as key zones at $14.50–$14.85 hold, DEXE might just keep blundering along, hoping to reach that elusive $24 target we’re all secretly dreaming of. 🌟

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2025-05-31 09:16