Market Overview for DeXe/Tether on 2026-01-01

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 8:47 pm ET1min read
USDT
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DEXE
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Aime RobotAime Summary

- DeXe/Tether (DEXEUSDT) dropped 6.5% to 3.226, breaking key support levels with bearish engulfing patterns and failed 20-period MA holds.

- RSI at oversold 28 and 13,775.74 volume spike near 3.313 signal heavy distribution, while Bollinger Bands contract near 3.25-3.27.

- 3.238 (38.2%) and 3.226 (61.8%) Fibonacci levels tested, with 3.25-3.27 consolidation range critical for next directional move.

- Bearish momentum remains intact despite short-term bounce potential, with 3.195 downside risk if elevated volume persists.

Summary
• Price dropped 6.5% from 3.379 to 3.226, breaking below key support levels.
• RSI indicates oversold territory at 28, suggesting potential short-term bounce.
• Volume spiked at 13,775.74 near the 3.313 low, signaling heavy distribution.
• Bollinger Bands show a narrow contraction near 3.25–3.27, hinting at a possible breakout.
• 20-period MA failed to hold above 3.25, reinforcing bearish momentum.

Market Overview


DeXe/Tether (DEXEUSDT) opened at 3.379 on 2025-12-31 12:00 ET, reached a high of 3.424, and closed at 3.226 on 2026-01-01 12:00 ET, with a low of 3.195. Total 24-hour volume was 390,418.24, and notional turnover was 1,266,503.29.

Structure & Formations


Price formed a bearish engulfing pattern near 3.313 (low at 3.313) and a potential triple bottom at 3.205–3.207. A doji appeared at 3.203, hinting at indecision. The 3.232–3.25 zone acts as a key short-term resistance, currently untested post-breakdown.

Moving Averages


The 20-period MA on the 5-minute chart was last at 3.242, while the 50-period MA sat at 3.258. Daily chart averages (50/100/200) were at 3.335, 3.352, and 3.371, respectively, reinforcing the bearish bias as price drifted further below.

Momentum Indicators


MACD turned negative, with a bearish crossover observed. RSI reached 28, suggesting potential for a short-term bounce but not a reversal. Momentum remains weak, with bearish divergence in price and oscillator levels.

Bollinger Bands


Price traded in a narrow range within Bollinger Bands for much of the session, with a consolidation phase forming between 3.25 and 3.27. A breakout from this range could signal the next directional move, with 3.22–3.23 as the likely next level of interest.

Volume and Turnover


Volume surged to 13,775.74 during the selloff near 3.313, suggesting heavy selling pressure. Notional turnover increased in line with the price drop, confirming the move. No clear divergence between price and turnover was observed.

Fibonacci Retracements


Key 5-minute retracement levels of 3.238 (38.2%) and 3.226 (61.8%) were both tested, with the 61.8% level currently acting as support. On the daily chart, the 38.2% retracement at 3.299 may become relevant if price rebounds.

Price appears to have broken below key near-term support, and while the RSI suggests an oversold condition, bearish momentum remains intact. A short-term bounce into 3.23–3.25 is possible, but further downside to 3.195 may still materialize if volume remains elevated. Investors should monitor the 3.25–3.27 consolidation range for a breakout or breakdown signal.