Market Overview: DeXe/Tether USDt (DEXEUSDT) – September 11, 2025

• Price action shows a volatile 24-hour range with a 0.43% decrease
• DEXEUSDT tested key support levels with mixed bearish and bullish candlestick patterns
• Volatility spiked after 20:00 ET with high volume trades pulling price toward 6.918
• RSI and MACD signal overbought/oversold conditions with diverging momentum
• Bollinger Band contraction observed in early ET, followed by a sharp expansion

DeXe/Tether USDt (DEXEUSDT) opened at 6.975 on September 10 at 12:00 ET and closed at 6.944 on the following day at 12:00 ET. The 24-hour high reached 7.028 and the low touched 6.918. Total volume for the period was 34,726.38, and notional turnover was $242,202.12.

Structure & Formations

The price structure for DEXEUSDT shows a mixed formation over 24 hours. A bearish engulfing pattern formed around 20:00 ET as price fell from 6.969 to 6.931, signaling a possible short-term reversal. This was followed by a consolidation phase with a bearish flag forming between 6.93 and 6.96. A bullish harami appeared near 6.95–6.96, indicating possible buying interest at key support. The 6.94–6.95 range acted as a critical area of accumulation, with price struggling to break above. A doji near 6.944 at 16:00 ET suggests indecision after the initial breakdown.

Moving Averages

On the 15-minute chart, the 20-period MA was above the 50-period MA throughout the 24-hour period, indicating a slight bearish bias in the short term. The 50-period MA crossed below key swing highs, suggesting bearish momentum. On the daily chart, the 50-period MA was above the 100-period MA but below the 200-period MA, suggesting a neutral to slightly bearish medium-term bias.

MACD & RSI

The MACD line turned negative after 19:30 ET and remained below the signal line for much of the session, confirming bearish momentum. RSI dipped into oversold territory below 30 around 21:00 ET but failed to produce a strong bounce, suggesting weak follow-through buying. The oscillator later returned to overbought conditions (above 70) between 02:00 and 04:00 ET, but without a clear breakout. This divergence indicates potential for further consolidation or a bearish breakdown.

The RSI and MACD appear to show conflicting signals—RSI suggests a possible rebound, while MACD signals bearish exhaustion. Traders should monitor for a decisive break below 6.94 to confirm the bearish bias.

Backtest Hypothesis

A possible backtesting strategy involves entering a short position on a close below 6.94 with a stop above the 6.96–6.97 resistance zone and a target at 6.91–6.90. This is supported by the bearish engulfing pattern and the RSI’s oversold rebound. A bullish reversal could be tested with a long entry on a close above 6.96, with a stop below 6.94. Given the mixed momentum signals, a neutral approach may be preferable until a clear breakout emerges.