Market Overview for DeXe/Tether (DEXEUSDT) – 2025-10-25

• DeXe/Tether (DEXEUSDT) edged higher by ~1.3% in the past 24 hours, closing near the day’s high
• Price found early support at ~$6.45 before a late recovery pushed it above 6.55
• A bullish engulfing pattern emerged at 19:30 ET, confirmed by rising volume and close near the session high
• RSI moved into overbought territory, signaling possible short-term correction risks
• Volatility expanded significantly from ~6.45 to 6.74, with Bollinger Bands widening after a contraction

DeXe/Tether (DEXEUSDT) opened at $6.50 on 2025-10-24 at 12:00 ET and closed at $6.529 on the same time of the next day, reaching a high of $6.742 and a low of $6.45. The 24-hour volume amounted to approximately 136,426.82 units, with a notional turnover of around $893,039.65. The price action shows a clear bullish bias after a morning consolidation and a late surge that pushed DEXEUSDT above key resistance.

Structure & Formations

The price structure shows a strong bullish bias in the last 24 hours, particularly after 19:30 ET. A key bullish engulfing pattern appeared following a 6.45 low, with the candle closing near the session high at 6.545. This pattern was accompanied by increased volume and a sharp move above the 6.50 psychological level. The 6.50–6.52 range appears to be a key support area, with the 6.60–6.65 zone emerging as a new resistance cluster following the late-day surge.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 15-minute chart crossed in favor of bulls, with the 20 SMA above the 50 SMA, signaling a short-term uptrend. MACD showed a positive divergence in the last 4 hours, confirming the bullish momentum. On the daily chart, the 50-period SMA is slowly approaching the 100-period SMA, suggesting a potential longer-term trend shift.

RSI and Bollinger Bands

Relative Strength Index (RSI) climbed into overbought territory (~75–80) in the last 6 hours, indicating that a pullback may be imminent. Bollinger Bands expanded significantly during the late surge, with price reaching the upper band at 6.742. This expansion reflects increased volatility, likely driven by renewed buyer interest. A retest of the lower band (~6.45–6.50) could confirm short-term support.

Volume and Turnover

Volume surged during the late-day rally, peaking at ~3089.76 units during the 22:45–23:00 ET candle as the price rose from 6.702 to 6.669. Turnover also spiked, with the highest notional value occurring around the same period. The positive price/volume correlation suggests strong conviction in the bullish move. Divergence may appear if the next candle fails to close above the current high with similar volume.

Fibonacci Retracements

Fibonacci levels from the 6.45 low to the 6.74 high show the 61.8% retracement at ~6.64, which coincided with a pause in the late surge. The 38.2% level (~6.60) appears to be a key inflection point. On the 15-minute chart, the recent 6.50–6.55 swing has 38.2% and 61.8% levels aligning with key 6.53 and 6.565 levels. A close above 6.65 could trigger a 100% extension target near 6.80, though this may require a significant volume confirmation.

Backtest Hypothesis

Given the recent bullish engulfing pattern at 19:30 ET, a backtest strategy could involve entering a long position at the close of that candle and exiting at the close of the next session. The pattern appeared during a key support test, with volume confirming the reversal. Using daily candles from a high-liquidity USDT pair on Binance, we can assess the performance of this setup over multiple cycles. A robust strategy would require a larger sample of similar setups, ideally across BTC, ETH, and altcoin pairs to verify consistency.