- DEXE rose more than 11% intraday to trade above $19.16, giving it a weekly gain of 32%.
- Daily trading volume increased by about 38% to nearly $40 million, suggesting accumulation.
- Technical support is at $15 and bulls could target $24 and above next.
DeXe (DEXE) surged on Friday, heading towards the $20 level as buying pressure intensified across major exchanges.
A surge in volume and a series of weekly gains have drawn renewed interest from traders and analysts assessing whether the asset’s gains can be extended or profit-taking could limit further gains.
DeXe price rises 11% due to surge in trading volume
DeXe price surged more than 11% to trade above $19.16 after a strong intraday rally, putting DEXE on CoinMarketCap’s list of top movers for the week.
The token’s 24-hour performance contributed to a one-week rally that saw DeXe rise approximately 32%, contributing to a notable rally in the market.
Other top performers included Stellar (+42%), Humanity (+23%), and Injective (+21%). DeXe is also up more than 58% over the past month.
The recent uptick coincided with a notable increase in on-chain and exchange activity, with daily trading volume increasing by around 38% to around $40 million.
A surge in volume means accumulation is increasing with buyers participating at key levels.
The combination of rising prices and stronger trading activity supports continued near-term momentum and could allow DEXE to challenge higher resistance areas if the bullish sentiment persists.
DEXE Price Analysis
DeXe’s technical outlook shows the token testing levels last seen in March 2025, a return to multi-month highs.
Moving averages continue to support the broader uptrend. The 50-day simple moving average (SMA) is currently acting as a dynamic support level, while the 100-day SMA is positioned lower and provides holders with a deeper technical cushion.
Key resistance remains near $20, followed by a larger barrier near $24. These zones can benefit from short-term traders and act as obstacles for further upside.
The downside is that initial support is around $15. This is consistent with previous consolidation and intraday demand areas.
Stronger support is located near the 50-day SMA around $12.84 and near the 100-day SMA at $9.17. A sustained decline towards these levels would signal weakening bullish momentum and could trigger increased selling pressure.
For the bulls to maintain control, DEXE will need to close decisively above the $20 resistance area while maintaining increased volume and reducing the risk of a sharp retracement.
However, the rally could quickly lose momentum if the token fails to break above $20 and sellers regain control.
As sell volume increases, the likelihood of a pullback to the $15 support zone increases.