DeXe Leads Altcoin Momentum With Strong Breakout Setup
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DEXE/USDT daily chart / Source: TradingviewDeXe is dominating the altcoin space this week, posting a massive 63.8% gain and showing strong bullish momentum on the daily chart. The token has successfully broken through a key resistance zone between $12.50 and $13, flipping it into support while pushing toward higher Fibonacci levels.
Price is currently hovering around the 0.618 retracement, a critical level that often determines whether a trend continues or stalls. If momentum holds, the next upside targets sit near $19.39 and potentially $24.20, which would mark a full recovery to previous highs. Indicators like MACD remain bullish, reinforcing the strength of the move.
However, there are early signs of caution. RSI is approaching overbought territory and volume has been declining, suggesting the rally may need fresh buyers to sustain itself. If momentum fades, support levels around $13 and $10.31 will be key areas to watch.