DeXe has emerged as one of the top-performing altcoins in the crypto market after recording a sharp 30% rally within a short period. The token witnessed a massive influx of buying pressure as volume surged over 300%, attracting renewed bullish attention. The latest breakout has pushed the token toward a crucial resistance range near $17, a level that previously restricted bullish continuation. However, the current price structure and improving technical indicators suggest the rally may still have room to expand.
With the broader crypto sentiment gradually turning positive, the DEXE price appears to be gaining strong momentum after spending weeks in a consolidation phase.
DeXe Price Breakout Signals Another Major Rally Ahead
The daily chart suggests DeXe has broken out of a prolonged ascending channel structure after successfully reclaiming the key resistance zone between $15 and $16. The latest bullish candle indicates strong buying momentum, with the price surging toward the upper boundary of the broader ascending pattern. This breakout comes after multiple rejection attempts near the same range, confirming that bulls have finally regained control over the trend.
The overall structure continues to remain bullish as the price consistently forms higher highs and higher lows within the ascending channel. If DEXE manages to hold above the breakout zone, the next upside target appears to be near the upper trendline around the $24 to $25 region, representing nearly another 35% move from the current levels.
The momentum indicators also support the bullish outlook. The RSI has climbed above 77, reflecting strong momentum despite entering the overbought region. Meanwhile, the MACD has flipped bullish, signalling the mounting buying pressure. As long as the price sustains above the previous resistance range, the probability of an extended rally toward higher resistance zones remains elevated.
Wrapping it Up
DeXe price continues to display strong bullish momentum after reclaiming a critical resistance zone and confirming a fresh breakout on the daily timeframe. Although short-term pullbacks remain possible after the recent rally, the broader trend structure still favors the bulls. If buying pressure continues to strengthen and market conditions remain supportive, DEXE could be positioned for another major leg up toward the $25 target in the coming sessions.
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