Market Overview for DeXe/Tether (DEXEUSDT): Bullish Breakout and Confirmation in Final Hours

Summary
• DEXEUSDT found support near $3.48–3.49 before rallying strongly after 05:00 ET, forming bullish continuation patterns.
• Momentum surged with RSI peaking above 70 and MACD diverging from price as volume spiked.
• Volatility expanded sharply in the final 3 hours, with Bollinger Bands widening and price near the upper band.
• On-chain volume and turnover spiked 10x in the last 30 minutes of the 24-hour window, confirming the recent move.

DeXe/Tether (DEXEUSDT) opened at $3.505 on 2026-01-10 12:00 ET, reached a high of $3.90, a low of $3.48, and closed at $3.769 by 12:00 ET on 2026-01-11. Total volume was 150,856.12 units, with a notional turnover of ~$564,493.84.

Structure & Moving Averages

Price broke above a key 20-period 5-minute resistance at $3.664 and then held above a 50-period EMA. On the daily timeframe, the 50-period MA was around $3.64 at the start of the period, and the close of $3.769 suggests a potential bullish crossover with the 100-period MA.

MACD and RSI

MACD showed a bullish crossover and expanding histogram after 05:00 ET as volume surged. RSI peaked above 70 in the final hours, indicating overbought conditions, though divergence was not yet evident.

Bollinger Bands

Volatility remained subdued for much of the session, with price within a narrow band. After 15:00 ET, bands expanded sharply, and price closed near the upper band on the 5-minute chart, indicating strong momentum.

Volume and Turnover

Volume remained low until 15:00 ET, when it spiked with a 150,000+ unit trade driving price to $3.751. Turnover in the final 30 minutes exceeded 90% of the 24-hour total, confirming the rally.

Fibonacci Retracements

The recent $3.48–3.90 swing saw price retest 61.8% (around $3.66) before continuing higher. On the daily chart, a 61.8% retracement of the previous month’s range is near $3.80, suggesting a potential near-term ceiling.

The market appears to be consolidating at a higher level, with momentum and volume both aligning with a breakout. However, overbought RSI and a test of the $3.80–3.82 range could bring profit-taking. Investors may want to monitor key support at $3.66 and watch for a pullback into Fibonacci levels for potential re-entry.