Market Overview for DeXe/Tether (DEXEUSDT) – September 21, 2025

• DeXe/Tether (DEXEUSDT) surged from $9.04 to $12.87, closing at $11.62 as volume spiked and volatility expanded.
• A bullish breakout above $10.33 saw momentum confirmed by RSI and MACD, with heavy buying in late hours.
• Bollinger Bands expanded, price traded near the upper band, and volume diverged positively in the final 4 hours.
• Key resistances formed at $10.33, $12.22, and $12.87, while support levels at $9.80 and $9.73 held during early retracements.
• A 12-hour consolidation near $11.30–$11.70 followed by a sharp rebound suggests short-term trend acceleration into $12.50–$13.00.

The 24-hour chart for DeXe/Tether (DEXEUSDT) reveals a strong bullish reversal from a bearish early morning phase. Opening at $9.04 on 2025-09-20 12:00 ET, the pair climbed to a high of $12.87 before closing at $11.62 on 2025-09-21 12:00 ET. Total volume reached 3,803,275.44 with a notional turnover of $45,598,545.22, marking a significant increase in buying pressure and volatility. The session was defined by a sharp 12-hour upward thrust from $10.05 to $12.87, followed by a moderate pullback into the close.

Structure & Formations

The price structure displayed a classic bullish reversal pattern, transitioning from a downtrend to an uptrend around 19:15 ET with a large bullish candle. A key support at $9.80 was tested and held during the pullback, suggesting short-term buyers are active. A bearish engulfing candle appeared at $10.22 as a potential warning sign, but it was quickly negated by renewed momentum. A doji at $9.91 on the morning of 2025-09-21 indicated indecision, which was resolved by a strong bullish engulfing pattern by 03:15 ET. The key resistance at $10.33 was decisively broken, followed by a rally to $12.87, forming a strong upward bias for the remainder of the session.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (SMA) were in bullish alignment, with price trading above both during the late-night and early-morning hours. On the daily chart, the 50-period SMA was at $9.80, while the 100-period and 200-period SMAs were at $9.75 and $9.60, respectively, reinforcing the significance of the $9.80 support level. The price closing above the 50SMA on the daily chart confirms a shift in sentiment toward the bullish side.

MACD & RSI

The MACD line turned positive at 21:45 ET, crossing above the signal line with a bullish histogram, which persisted until 06:15 ET. The RSI climbed above 50 at 22:45 ET, reaching a high of 63 by 03:30 ET, suggesting strong momentum. It pulled back to 48 by 06:30 ET but remained above 40, indicating sustained buying pressure. No overbought condition was reached, but the RSI did show a moderate divergence in the final hour before closing, hinting at potential consolidation ahead.

Bollinger Bands

Bollinger Bands expanded significantly during the breakout phase, with the upper band reaching $12.90 by 03:15 ET. Price traded near the upper band for much of the 12-hour upswing, indicating high volatility and strong bullish momentum. The lower band was near $9.70 during the morning, reinforcing the importance of the $9.80 support level. A contraction in the bands occurred at 06:00 ET, suggesting a potential turning point in the near term.

Volume & Turnover

Volume surged in the early hours of the breakout, reaching a 24-hour high of 148,944.03 at $12.68. This coincided with a sharp increase in notional turnover to $1.9M, indicating institutional or large-cap activity. The divergence between price and volume was minimal; in fact, volume confirmed price strength during the late-night rally. The final hour showed a moderate volume pullback, which may signal short-term profit-taking or consolidation.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $9.04 to $12.87, the 38.2% level is at $11.27, the 50% at $10.95, and the 61.8% at $10.64. Price retested the 50% and 61.8% levels with minimal retracement, suggesting strong bullish momentum. On the daily chart, the 61.8% retracement level of the previous downtrend is near $9.80, which was confirmed as a key support.

Backtest Hypothesis

The recent price action aligns with a potential backtesting hypothesis centered on breakout confirmation and momentum divergence. A strategy could be built to enter long positions when the price closes above the 50SMA on the daily chart, confirmed by a bullish engulfing candle on the 15-minute chart and a MACD crossover above the signal line. Stop-loss levels could be placed at $9.75, with take-profit targets at $12.50 and $13.00. The RSI divergence in the final hour suggests that a short-term consolidation phase may follow before a new leg higher, making this a viable setup for scalping or intraday momentum traders.