DEXE Rallies 8.43% Amid Bullish Sentiment and Rising Accumulation Despite Falling Volume

DEXE has shown renewed signs of strength, rallying 8.43% in the past 24 hours and currently trading at $8.31, according to CoinMarketCap. This performance marks the continuation of a four-week bullish trend and has drawn interest from both perpetual and spot market investors. A $1.7 million inflow into the perpetual market, alongside a consistently positive Open Interest-Weighted Funding Rate since July 21, reflects strong bullish sentiment among leveraged traders [1]. Additionally, spot investors are accumulating DEXE, with $26,700 worth of the token purchased in a 12-hour window, hinting at potential demand for a price retest above $10 [1].

Despite the positive momentum, signs of potential instability are emerging. Trading volume for DEXE has declined by 34% in the last 24 hours, dropping to $14.5 million. This divergence—where price rises while volume contracts—often signals a weakening in the rally’s foundation and raises concerns about a possible price correction [1]. Historical patterns suggest that such volume weakness can precede a reversal, especially if broader market support fades.

The Accumulation/Distribution (A/D) indicator adds another layer of complexity to the current narrative. While it remains in negative territory, with 2.17 million DEXE traded on the bearish side, it is showing an upward trend, indicating a potential shift toward positive momentum. A sustained move into positive territory could signal renewed buying interest and support for higher prices. Conversely, a downward shift would suggest that selling pressure is regaining control, further heightening the risk of a pullback [1].

Investors should closely monitor both volume dynamics and the A/D indicator as key signals of whether the current bullish momentum can hold or if a reversal is imminent. While the price is approaching psychological resistance near $10, the absence of strong volume support casts a shadow on the sustainability of the rally. The coming days will likely determine whether DEXE can consolidate gains or face a more immediate correction.

Source: [1] DEXE eyes $10 comeback – But THIS hints at a reversal risk (https://ambcrypto.com/dexe-eyes-10-comeback-but-this-hints-at-a-reversal-risk/)