Market Overview: DeXe/Tether (DEXEUSDT) – 2025-10-13

• DeXe/Tether (DEXEUSDT) surged from $5.624 to $6.339, forming bullish momentum with a 24-hour close at $6.085.
• Strong volume spikes occurred during the 13:00–14:30 ET window, with a peak of $154,466.67 notional turnover.
• A Morning-Star-like reversal pattern may emerge near $5.75–5.80 after a sharp pullback from $6.339.
• RSI entered overbought territory during the 13:00–14:30 ET rally, suggesting a short-term consolidation may follow.
• Bollinger Bands show a recent expansion, indicating increased volatility and potential for range breakout.

The DeXe/Tether (DEXEUSDT) pair opened at $5.646 on October 12, 2025 (12:00 ET-1), reached a 24-hour high of $6.339, and closed at $6.085 on October 13, 2025 (12:00 ET). Total volume for the period was 422,436.63 units, with a notional turnover of $2,560,490.00. The price action showed a significant bullish thrust from early morning to midday, followed by a consolidation phase in the afternoon.

DEXEUSDT formed multiple bullish patterns during the day, including a strong white candle at 13:00 ET and a potential Morning-Star reversal near the 5.75–5.80 support zone. The 15-minute 20/50 EMA crossover occurred twice during the morning, confirming the bullish bias. On the 1-hour chart, the 50/100 EMA crossed over, reinforcing the uptrend. The price closed above both the 50 and 100 EMA lines, suggesting continued momentum.

The RSI peaked at overbought levels (70+), particularly during the 13:00–14:30 ET rally, which may signal a short-term pullback. Meanwhile, the MACD (12,26,9) showed a narrowing histogram and a positive crossover in the morning, confirming the bullish thrust. However, the divergence between the MACD and the price during the consolidation phase in the afternoon could suggest a temporary pause. Bollinger Bands expanded during the rally, with the price reaching the upper band multiple times, indicating increased volatility and a potential breakout scenario.

Fibonacci retracement levels suggest key resistance at 61.8% ($6.20–6.25) and 78.6% near $6.33, aligning with the high of the session. Conversely, the 38.2% retracement at $5.95 and the 50% level at $5.90 acted as support during the afternoon pullback. The 61.8% support zone near $5.75–5.80 saw a potential reversal formation, hinting at a possible bullish continuation from that level.

Backtest Hypothesis
Given the potential Morning-Star reversal at $5.75–5.80 and the overbought RSI, a 5-day-hold backtest could validate the pattern’s effectiveness. Scanning for the Morning-Star on raw price data and holding the position for 5 days may yield insights into its success rate. If confirmation candles follow the reversal, the backtest could support a bullish bias. With current data limitations, retrieving raw DEXE/USDT price data and running the scan locally would allow for immediate implementation of this strategy.