Market Overview for DeXe/Tether (DEXEUSDT)

• DeXe/Tether (DEXEUSDT) traded in a tight range before surging to 6.444 intraday high amid rising volume.• Strong bullish momentum emerged post 22:00 ET-1 with 5.8% rally over 4.5 hours, supported by a large bullish candle.• RSI and MACD showed divergence in early morning but aligned with price during the late-night rebound.• Bollinger Bands expanded as price surged near the upper band, suggesting increased volatility and strength in the rally.• Total 24-hour volume reached ~450,000 DEXE, while turnover peaked during the late-night surge.

DeXe/Tether (DEXEUSDT) opened at $6.106 on 2025-10-13 at 12:00 ET-1, reaching a high of $6.444 and a low of $5.85 before closing at $6.402 at 12:00 ET on 2025-10-14. Total 24-hour volume was approximately 450,000 DEXE, with a notional turnover of around $2.85 million.

The 24-hour OHLCV data showed a dramatic reversal late in the session as DEXEUSDT rebounded sharply from a morning selloff. Price action from 22:00 ET-1 through 16:00 ET indicated strong bullish momentum, with a large bullish candle at the close of the session. Key support levels were identified at $6.05 and $5.95, both of which were tested during the early part of the day. A notable bullish engulfing pattern formed just before the final 4.5-hour rally, confirming the reversal in sentiment.

Structure & Formations

Price found strong resistance at $6.444–$6.433, followed by a consolidation phase before the final bullish reversal. A bearish divergence was visible between RSI and price action at $6.20, but it was invalidated by the late-session surge. A doji appeared at the morning low, signaling indecision among traders. The formation of a bullish flag pattern between $6.10 and $6.35 may indicate a continuation of the upward trend in the near term.

Moving Averages

The 15-minute 20/50 EMA crossover occurred in the early hours of the morning, with price breaking above the 20 EMA during the late-night rally. On the daily chart, price remained above the 50 EMA, with the 200 EMA acting as a dynamic support at ~$6.00. The 100 EMA was tested multiple times and held as a key level during the selloff, suggesting that the pair remains in a short-term bullish phase.

MACD & RSI

The MACD histogram turned positive around 22:00 ET-1, confirming the shift in momentum. A bullish crossover occurred at that time, aligning with the price surge. RSI reached overbought territory near 70 during the rally, but the divergence earlier in the session suggested a false bearish signal. RSI remained above 50 for most of the final 4.5 hours, reinforcing the bullish case.

Bollinger Bands expanded as price moved toward the upper band during the late-night rebound. The band width reached its widest point during the last 90 minutes of the session, indicating a strong move driven by increased volatility. Price touched the upper band at $6.444 before consolidating slightly below it.

Volume & Turnover

Volume surged during the late-night rebound, peaking at 23,054.6 DEXE at 14:00 ET, coinciding with a high of $6.368. Notional turnover also increased sharply during this period, with the largest single turnover spike occurring at 22:00 ET-1 with a turnover of ~$1.2 million. No significant divergence was observed between price and volume during the final rally, suggesting strong conviction among buyers.

Fibonacci Retracements

Fibonacci levels were key in identifying turning points during the 24-hour period. The 38.2% retracement level at $6.27 and the 61.8% level at $6.37 were both tested and held during the late-night rebound. A 50% Fibonacci level at $6.14 also acted as a temporary support during the morning selloff. The recent swing high of $6.444 and low of $5.85 provide a broad range for near-term Fibonacci analysis.

Backtest Hypothesis

Given the strong late-session reversal and the bullish engulfing pattern, a potential backtesting strategy could involve a breakout system on the 15-minute chart using the 20 EMA as a dynamic trigger. A buy signal would be generated when price closes above the 20 EMA, with a stop-loss placed below the 50 EMA. The target for a short-term trade could be set at the next Fibonacci level, approximately $6.45–$6.50. This system would align with the observed momentum and volume confirmation during the final 4.5 hours of the session, making it a viable approach for testing over historical data.