DeXe (DEXE) surged 17% on the daily chart, confirming a bullish breakout from a falling wedge pattern after successfully retesting the $3.17 resistance level. The move was accompanied by a 145% spike in spot volume to $65 million and an 83% rise in futures volume, while Open Interest increased by $1.2 million to $6.40 million. This alignment of technical breakout and surging market activity has shifted focus toward the next key liquidity zone at the $4 psychological level.
The cryptocurrency DeXe (DEXE) recorded a sharp 17% surge on the daily charts. This move confirmed the continuation of its bullish run following a break and successful retest of a falling wedge pattern.
On the daily charts, DeXe’s price pushed decisively above the key $3.17 resistance level. That breakout shifts market structure firmly in favor of the bulls, with the next major zone at the $4 psychological level.
Trading activity has surged sharply alongside the price move. Analysis of derivatives market data shows DeXe spot volume jumped by 145% to $65 million.
Futures volume climbed by 83% to $6.55 million, moving in tandem with the spot market. Strong volume across both markets is indicative of broad participation and a high magnitude of capital inflows.
The network’s Open Interest also increased by $1.2 million, reaching a total of $6.40 million. A hike in Open Interest alongside price is often indicative of fresh long positioning among the big players.
Cumulatively, rising Open Interest, spot volume, and futures activity together often amplify continuation momentum. Most analysts expect this scenario to impact DeXe’s price action.
At the time of reporting, all key metrics aligned with the bullish structure. The falling wedge breakout was confirmed and the $3.17 resistance was cleared.
If bulls maintain control, the $4.00 liquidity zone becomes the next objective. However, a failure to sustain volume could lead to a short correction before any rally is resumed.
