Market Overview for DeXe/Tether (DEXEUSDT) on 2026-01-07

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Jan 7, 2026 9:53 pm ET1min read
DEXE
--
USDT
--
Aime RobotAime Summary

- DEXE/USDT dropped 5.6% in 24 hours, breaking key resistance at $3.56 amid sharp midday selloff.

- Volume surged during 18:00-20:00 ET price decline to $3.36, confirming bearish momentum with bear trap formation.

- RSI hit oversold levels (<30) by close, while Bollinger Band contraction signaled reduced volatility ahead.

- Price tested $3.36 support (aligning with 61.8% Fibonacci level) and faces potential rebound if buying resumes.

Summary
• DEXE/USDT fell 5.6% over 24 hours amid bearish price action below key resistance.
• Volume spiked during mid-session selloff, confirming bearish momentum.
• RSI signaled oversold conditions by close, hinting potential short-term rebound.
• Price tested $3.36 support, with a 61.8% Fibonacci level nearby at $3.35.
• Bollinger Band contraction in early morning suggested reduced volatility ahead.

24-Hour Price and Volume Summary


At 12:00 ET on 2026-01-07, DeXe/Tether (DEXEUSDT) opened at $3.556, hit a high of $3.611, a low of $3.36, and closed at $3.35. Total 24-hour volume amounted to 24,628.14, with $86,291.65 in notional turnover.

Price Action and Structure


Price broke below key intraday resistance near $3.56, forming a bearish engulfing pattern during the sharp selloff starting at 18:00 ET. A series of lower highs and lower lows followed, with a notable bear trap forming after a brief rebound to $3.591 in early morning. The 61.8% Fibonacci retracement level aligns with $3.35, the current close, suggesting a potential short-term floor if buying resumes.

Momentum and Indicators


The RSI dipped below 30 by the final candle, signaling oversold conditions, while the MACD showed bearish divergence with a negative crossover and declining histogram. Bollinger Bands tightened in the early hours before a sharp expansion downward, indicating a likely continuation of bearish bias ahead.

Volume and Turnover


Volume surged during the midday sell-off, particularly between 18:00 and 20:00 ET, as price dropped from $3.51 to $3.46. Turnover increased in tandem, confirming distribution. However, volume diminished during the final rebound toward $3.50, suggesting weaker conviction in the recovery.

DeXe/Tether may find immediate resistance near $3.43 (38.2% Fib) and could test $3.36 again in the next 24 hours. A break above $3.47 may indicate a temporary pullback, but bearish momentum remains intact for now. Investors should watch for a rejection at current levels or a sharp reversal in volume.