DEXE Weekly Analysis Jan 24

DEXE closed the week at $3.06 with a %0.59 decline, maintaining the main downtrend; it is in the testing phase at critical supports, and BTC’s bearish supertrend signal requires a cautious approach for altcoins.

DEXE in the Weekly Market Summary

DEXE showed a narrow consolidation in the $3.00-$3.11 range last week and settled at $3.06. Although the weekly change was negative at %-0.59, the volume profile remains stable at $683,262. The market structure reflects the downtrend; RSI at 38.89 is near oversold but shows no recovery signal in momentum. MACD is bearish with a negative histogram, and price is below EMA20 ($3.21). In the big picture, DEXE is testing the lower band of the long-term down channel, showing some accumulation traces but distribution pressure still dominant. For position traders, support holds or breaks this week will be decisive. For more detailed spot data, check the DEXE detailed spot analysis page.

Trend Structure and Market Phases

Long-Term Trend Analysis

In the long-term view, DEXE continues to stay in the downtrend ongoing since 2025. On the weekly chart, highs are lowering ($3.66 resistance critical), and lows are being pressured ($2.79 area). The market structure defines a bearish channel in higher timeframes; price has shifted from the channel middle to the lower band. The trend filter gives a bearish signal, and breaking this structure requires closes above $3.35. In the macro context, rising BTC dominance is affecting DEXE amid altcoin weakness. This supports a short position scenario on a monthly horizon; however, oversold RSI keeps the potential base formation possibility on the table.

Accumulation/Distribution Analysis

From a market phase perspective, DEXE shows distribution characteristics: Weekly candles form a consolidation of dojis, absorbing sells at the upper band. While volume decrease suggests accumulation traces, rejected wicks at $3.11 predict distribution pressure. In Wyckoff methodology, this resembles the test phase after ‘upthrust’; a break below $3.00 triggers distribution. Accumulation requires volume increase in the $2.99-$2.79 range. For now, the phase is neutral-bearish; position traders should wait for accumulation confirmation.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, DEXE tested $3.1558 resistance and got rejected; price approached support around $3.00. Among 10 strong levels, there are 2 support/2 resistance confluences on 1D: $2.9934 and $2.7969 supports are critical. RSI at 38.89 is ready for divergence formation, MACD histogram is turning more negative. Staying below EMA20 is short-term bearish; however, if $3.00 holds, range trading is possible on 1D. For futures positions, follow DEXE futures market data.

Weekly Chart View

On the weekly, confluence is strong with 2 supports/2 resistances: $2.7969 major support, $3.3538 resistance. Price is at the channel lower band, supertrend bearish. This timeframe confirms the trend’s solidity; a breakout above $3.66 could trigger a monthly rally. Multi-TF confluence is bearish leaning; stick to weekly bias without waiting for daily hold/breakout.

Critical Decision Points

Main supports: $2.9934 (score 68/100), $2.7969 (69/100) – if this doesn’t hold, $1.4854 downside risk opens. Resistance point: $3.1558 (67/100), $3.3538 (62/100) – on pass, $4.6310 is targeted. Inflection point $3.00; break below starts bearish phase, above range breakout. These levels have confluence on 1D/3D/1W; market structure depends on them. For all analyses, check the DEXE and other analyses page.

Weekly Strategy Recommendation

In Case of Rise

Close above $3.1558 activates longs: Target $3.35, then $4.63. Stop below $2.99; R/R 1:2+. Position build-up with accumulation confirmation, BTC above $89,661 supportive.

In Case of Decline

$2.99 break is short signal: Target $2.79, extreme $1.48. Stop above $3.15; R/R 1:3. Scale-in with distribution confirmation, BTC below $88,400 catalyst.

Bitcoin Correlation

BTC at $89,632 in downtrend; supertrend bearish, dominance rising. DEXE is highly correlated with BTC movements (~0.85); if BTC slips to $88,400 support, DEXE loses $2.99. Conversely, if BTC rises to $91,188, altcoin rally could carry DEXE to $3.35. Main BTC levels: Support $88,400/$86,626, Resistance $89,661/$91,188. Altcoin traders should prioritize BTC bias.

Conclusion: Key Points for Next Week

Next week, the $2.99-$3.15 range will be decisive; hold signals accumulation, break signals distribution. BTC downtrend creates altcoin pressure, watch RSI divergence. Position traders keep risk at %1, wait for confluence.