DeXe’s Rise and Fall: Will the Dream Turn to Dust? 🤔🔥

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Key Takeaways

DeXe, that restless beast, continues to draw in the greedy fingers of perpetual traders, while the simple folk-spot market warriors-also join the fray. Yet, the volume talks – and it whispers doubts.
Oh, yes, the price climbs, but the volume? That’s a different song, and it’s not singing in harmony. 😉

In the past 24 hours, DeXe [DEXE] surged by 8.43%. A modest dance for this asset, which has been flirting with bullish winds week after week. Don’t get too comfortable-they say the tide can turn, even after a good swim.

According to CoinMarketCap, DEXE was trading at $8.31 – the stage is set, but what act will follow?

Fueling this fiery rise is a fresh rush of eager beavers-both perpetual and spot traders-throwing their coins into the merry whirl. Yet, alas, the volume shrinks like snow in April, casting a long shadow of doubt over this rally. A pullback? Possibly. Or maybe just a brief holiday before the storm.

Liquidity Floods into the Perpetual Market

The gains come hand in hand with an ocean of liquidity pouring into perpetual trading-a cool $1.7 million. That’s a lot of digital dough, enough to make even the stoic whales crack a smile.

This inflow, coupled with rising prices, paints a picture: the bulls are dancing wildly in the streets. The Open Interest-Weighted Funding Rate, stubborn and positive since July 21, whispers affirmation-bulls are still in charge, at least for now.

This bullish nonsense has been the soundtrack for four weeks straight. Cheerful, isn’t it?

Meanwhile, the spot investors are waking up from their slumber, scooping up DEXE again. A humble $26,700 worth-nothing to sneer at, mind you-just enough to make a difference.

If this trend keeps up, DEXE might just brush past $10 sooner than the gods of fortune predicted. A miracle? Don’t bet against it.

Yet, a dark cloud looms. While the sky is clear for some, the entire market seems to be losing its swagger. The momentum wanes, and troubles brew-like a storm on the horizon.

Is a Correction Brewing? 🤔

Volume analysis, that trusty old watchman, screams danger. DEXE’s momentum diminishes-a mere whisper of its former strength. The volume dips by 34%, sinking to $14.5 million-nearly five million dollars lost in a day. Ouch.

When price rises but volume shrinks, it’s like a carnival with no visitors-something’s off. The rally might be a house of cards waiting for a gust of wind.

And the A/D indicator? It’s a twisted tale-negative territory, yes, but trending upward. Like a wounded beast, perhaps about to roar back into life, or maybe just coughing.

Should the trend shift positive, our dear DEXE could find itself on the rebound, ready to chase that elusive $10. Or, if the downward direction persists, it’s back to the drawing board-selling pressure reclaims the throne.

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2025-08-08 03:08