Market Overview for DeXe/Tether (DEXEUSDT)

Summary
• Price tested key support at $3.55–3.57 but bounced back.
• Volume surged during the sharp selloff to $3.446, hinting at short-term exhaustion.
• RSI and MACD suggest moderate momentum, but bearish divergence remains a risk.
• Volatility widened significantly during the 5-hour drop from $4.06 to $3.446.
• Fibonacci levels at $3.72 and $3.55 acted as short-term barriers and bounces.

DeXe/Tether (DEXEUSDT) opened at $3.824 on 2026-01-11 12:00 ET, reached a high of $4.197, a low of $3.446, and closed at $3.655 as of 2026-01-12 12:00 ET. Total traded volume for the 24-hour period was 768,411.69 units, with a notional turnover of $2.72 million.

Structure & Formations

Price action revealed two key support levels at $3.55 and $3.57, both of which halted the selloff after a sharp decline to $3.446. A large bearish candle formed around 20:30 ET, with a low of $3.471 and a high of $3.726, indicating potential exhaustion in the short-term bear trend. A bullish engulfing pattern emerged as price retested the $3.55 level, hinting at a possible short-term reversal.

Moving Averages

On the 5-minute chart, price briefly crossed above the 20-period and 50-period moving averages near $3.58–3.60, reinforcing a potential short-term bullish bias. Daily moving averages (50, 100, 200) are likely lower given the recent sharp decline, suggesting price may need to test a 61.8% Fibonacci retracement level around $3.72 to regain long-term bullish momentum.

MACD & RSI

RSI dipped below 30 during the $3.446 low and has since rebounded into neutral territory, suggesting some oversold bounce is in place. MACD remained negative for most of the session, though it showed a narrowing bearish divergence as price approached support. Momentum may be easing, but a sustained close above $3.65 could shift sentiment.

Bollinger Bands

Volatility expanded dramatically during the selloff phase, with price reaching the lower band at $3.446. A contraction followed as price consolidated around $3.55–3.60, indicating a potential setup for another directional move. Price remains near the upper band in the consolidation phase, pointing to potential bullish continuation if buyers hold.

Volume & Turnover

Volume spiked sharply during the $3.446 low, reaching 126,713.12 units in a single 5-minute bar, but has since tapered off. Turnover was most pronounced during the 20:30–21:00 ET window when the price dropped from $4.06 to $3.446. Recent volume patterns suggest fading bearish pressure and a potential short-covering rally.

Fibonacci Retracements

Recent 5-minute swings show a key 61.8% retracement level at $3.55–3.57, which held as a bounce point. On the daily scale, a 61.8% retracement of the recent drop from $4.197 to $3.446 is around $3.72, a level that could become a near-term resistance area. A close above this could trigger a test of the 78.6% level at $3.88.

Market sentiment appears to be in a transitional phase, with short-term support levels holding and some momentum returning. Investors may want to monitor whether price can retest $3.72 and close above it without slipping back below $3.55. As always, sharp moves or news could disrupt this pattern.