- Dex recorded a big loss on the chart as the main metrics were changed to negative.
- Spot Traders continued to accumulate assets despite the wider market reduction.
In the last 24 hours, Dexe (DEXE) has emerged as one of the largest losers in the market after the chart has decreased significantly. More than 17% of losses seemed to be led by changes in market sentiment.
However, despite the sales pressure, Dex showed signs of resistance to the press time. While responding to the seller in the market. In fact, the analysis of AMBCRYPTO also explained how assets could be carried out in the future.
Volume spike and accumulation trend
In the last 24 hours, DEXE has faced a significant level of sales pressure across the market, and the same is true for the market. teaHis rapid decline has increased the driving force that matches the surge in trading volume.
At the time of writing, Dexe’s book was $ 164 million, up 763%. According to historical data, the price drop usually suggests an additional fall whenever the price falls with a sharp rise in volume.
Source: COINGLASS
At the same time, major market indicators have also been weakened for Dex. In fact, public interests and long proportions have been reduced over the last 24 hours, emphasizing this trend.
Public interest measures the total unstable contract in the derivative market. The same figure shows the promise of a weak dealer at $ 5,64 million, down 10.21%.
Analysis shows that it coincides with the sales volume with high sales pressure, and the latter is still climbing to prestime.
Source: COINGLASS
In the chart, the long -term ratio is found to be 50.39%of the total derivative product.
The volume increase in Price Rally suggests that the market will be much lower at the prestation level with the derivatives volume slightly advantageous to long -term traders.
The rate is optimistic. Can it last?
Nevertheless, despite the drop in prices, market sentiment remained in optimistic territory.
According to the data, the market and weighting funding rate of the market maintained a positive attitude with a 0.0035%press time reading value.
Source: COINGLASS
But while still in the optimistic territory, the rate of financing is increasing even lower. If the rate of financing is changed to negative numbers, the sales pressure can be strengthened and the assets can be pushed much lower.
At the same time, accumulation is increasing in the field market. Merchants continued to buy for three consecutive days.
Source: COINGLASS
So far, the group has purchased a $ 400,000 Dex. Continuous order Accumulation can prevent assets from experiencing deeper prices.
Additional disadvantages to Dex?
Finally, according to the analysis of the liquidation heat map, the further decrease in Dex has increased. In particular, a large liquidity cluster is lower than the prestime price.
One of those high -liquidity zones is above $ 8.5, suggesting that the price can move to this point because liquidity clusters often attract price behavior.
Source: COINGLASS