Market Overview: DeXe/Tether (DEXEUSDT) – October 6, 2025, 12:00 ET

• DeXe/Tether (DEXEUSDT) declined over 24 hours, closing at 11.782 after hitting a low of 11.565.
• A sharp bearish reversal emerged in early hours, with a 6.7% drop within 4.5 hours from 11.92 to 11.60.
• Volatility expanded significantly during the selloff, with high volume near key support levels.
• RSI entered oversold territory near 30, suggesting a potential short-term bounce.
• MACD turned negative with a bearish crossover, confirming downward momentum.

DeXe/Tether (DEXEUSDT) opened at 11.92 on October 5 at 12:00 ET and hit a high of 11.98 before plunging to a 24-hour low of 11.565. The pair closed at 11.782, down 1.47% from the prior day’s close. Total volume for the 24-hour period was 90,264.99 units, with notional turnover reaching $1.06 million. The sharp intraday move highlights a bearish shift in sentiment.

Structure & Formations

The price action revealed a strong bearish bias over the 24-hour period, with several bearish engulfing patterns and long lower shadows indicating capitulation. A key support level emerged around the 11.60–11.65 range, where buying interest briefly halted the decline. Resistance levels at 11.82 and 11.90 were retested multiple times, but buyers failed to sustain above these levels. A long black candle forming near 11.70–11.75 suggests exhaustion and potential for a short-term bounce.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages have been bearishly aligned throughout the session, with the price closing below both. This confirms a short-term downtrend. On the daily chart, the 50-period MA stands at ~11.88, while the 200-period MA is at ~11.80. The price closed below the 50 MA but above the 200 MA, suggesting medium-term support may hold in the near term.

MACD & RSI

The MACD turned negative with a bearish crossover, and the histogram showed expanding bearish momentum during the selloff. The RSI reached an oversold reading of 29 near the low of 11.565, suggesting a potential bounce in the near term. However, the RSI remains in the lower half, and a sustained close above 50 would signal a shift in momentum.

Bollinger Bands

Volatility expanded significantly during the selloff, with the upper band reaching ~11.99 and the lower band dropping to ~11.56. The price collapsed to the lower band, confirming the bearish breakout. A contraction may follow, which could lead to a temporary consolidation phase. The price currently sits near the middle band, which may act as a pivot level for the next 24 hours.

Volume & Turnover

Volume spiked during the early morning selloff, with the 19:15–19:30 and 22:15–22:30 timeframes seeing the highest trading activity. Turnover increased in tandem, confirming the move lower. The divergence between volume and price during the consolidation phase suggests fading momentum, indicating traders may be waiting for a clearer direction.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 11.98 to 11.565, the key retracement levels are at 11.69 (38.2%) and 11.77 (61.8%). The price found initial support near the 38.2% level before rebounding toward the 61.8% area. This suggests the 61.8% retracement at ~11.77 could act as a short-term floor or pivot for a bounce in the next 24 hours.

Backtest Hypothesis

Given the recent bearish divergence and oversold RSI, a potential short-term reversal strategy could be tested using a simple long entry at the close above the 61.8% Fibonacci retracement level (~11.77) with a stop below the 38.2% level (~11.69). A target could be set at the next resistance at 11.82 or 11.85. This strategy aligns with the observed price behavior and volatility contraction, offering a risk-reward setup if the market continues to respect the Fibonacci structure and RSI overbought/oversold signals.