DeXe breaks through the descending wedge and surges 17%, with trading volume and open interest increasing simultaneously. $4 may become a key resistance level.
February 25 News: DeXe (DEXE) is experiencing a strong upward movement on the daily chart, with a single-day increase of 17%. Technical patterns indicate that it has completed a descending wedge breakout and successfully retested, clearly shifting the short-term market structure to bullish. After the price effectively broke above the key resistance zone at $3.17, the upward channel further opened, and market focus quickly shifted to the $4 psychological level. This area also overlaps with a liquidity-rich zone, becoming a core position for short-term price battles.
From a technical perspective, descending wedges are generally seen as bullish reversal or continuation patterns. The breakout was confirmed with increased volume, indicating strong buying momentum and higher trend reliability compared to price rises on low volume. If the price remains steadily above $3.17, this zone could turn into a support level, laying a structural foundation for a subsequent push toward $4.
On-chain and derivatives data also show positive signals. Market data indicate that DeXe spot trading volume surged by 145%, reaching approximately $65 million, while futures trading volume increased by 83% to about $6.55 million. The simultaneous rise in spot and derivatives trading volumes usually suggests genuine capital participation rather than short-term emotional spikes.
Additionally, open interest increased by about $1.2 million, reaching a total of $6.4 million. Rising prices combined with expanding open interest often reflect the establishment of new long positions, with some medium to large funds possibly following trend-based strategies. This pattern is often considered an important indicator of trend strengthening during altcoin rallies.
In the short term, as long as trading volume remains high and open interest continues to grow, the probability of DEXE moving toward the $4 liquidity zone will significantly increase. However, if trading volume declines later, a technical pullback may occur to re-validate the breakout. Currently, multiple indicators and bullish momentum remain aligned, suggesting DeXe is in an active expansion phase, with market sentiment favoring continued upward movement.
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