Dexe devoted the Bearish -trend that was within the wider cryptomarket to post a profit on Monday.
The indigenous token of Dexe protocol set up nearly 17.27% on 3 February to reach an intraday height of $ 23.22, while the large cryptocurrencies struggled to recover from a market-wide crash caused by US President Donald Trump’s double -digit trading rates on Canada, Mexico, Mexico, Mexico, Mexico, Mexico, and China.
Bitcoin (BTC) fell almost 6%, while losing were more pronounced about large altcoins. Ethereum (ETH) fell more than 16% in the past day, while Ripple (XRP), BNB (BNB) and Cardano (ADA) fell between 10-20%. The total crypto market capitalization had lost around 10% of its value in the last 24 hours.
Dexe, on the other hand, had risen more than 7% when writing, with more than $ 22.53. It was also one of the best performing tokens for the past month, an increase of 26% in January, while the annual profit extended to 676%.
Why is Dexe going up?
Various factors feed the recent rally of Dexe.
Dune Analytics data shows that the number of Dexe holders has steadily increased in both Ethereum and BNB in recent months. From 2 February 53,768 investors Dexe held on, against 41,391 on display at the end of August last year.
The Bullish Momentum was also fed by hype on recent ecosystem developments, including the launch of Dexe Protocol on Ethereum, with more than $ 1 billion in Dexe -Tokens integrated into governance via Dexe Dao. Other important milestones were locking the DAO Treasury, introducing strike-governance functions for DAOS and launching the setting for Dexe Dao to improve the involvement of the community.
Dexe’s Rally coincided with a steady increase in the expansion activity on his protocol. The Dexe Protocol’s strike line of one month held more than 11.3 million DEX, the three -month layer kept more than 2.82 million tokens and the six -month pool kept around 690,000 tokens during the publication time. By January 30, 20% of the total stock of the token was set.
Traders were probably also bullish, such as the launch of Dexe Dapp V2 and important partnerships, as stated in the Road Card from 2025 last month.
🔥The Next Big Steps for DeXe Protocol Are Here!🔥
💥DeXe DAO thoroughly discussed and refined the Strategic coordination of the following steps for DeXe Protocol, and the plan is now in motion! Building on this collective effort, we’re taking bold actions to redefine the future… pic.twitter.com/K6Q9cJiLbK
— DeXe Protocol (@DexeNetwork) January 2, 2025
Technical analysis
In the 1-day Dexe/USDT graph, the 50-day progressive average average has moved above the 200-day MA, which suggests that bulls are currently dominating its market. The Aroon indicator supports this with the Aroon at 100% and Aroon by 64%, which means that the strength of the upward trend is much higher, which could further extend the rally in the coming days.
Furthermore, the relative strength index at 62 also indicates that there is still room for growth before it becomes active overbought. If it reaches an overbought levels, Dexe could see a small price price before he continues his rally.
That is why Dexe was able to continue his meeting, aimed at the next psychological resistance at $ 25. If a reversal occurs, the Altcoin will find strong support for $ 15.8, which matches the 50-day MA on the daily graph.
