Dexe is currently around 22 US dollars, with a surge that peaked at about 26.

But on the daily chart, a strong upward trend has already formed, with the price consistently staying above the short-term moving average, which is in a bullish alignment.

So why did it suddenly spike?

Here's some background: DeXe is a decentralized governance protocol. Its core logic is that traders must stake Dexe as collateral when opening positions, and losses are covered by the protection pool. Essentially, Dexe acts as a risk control asset within the entire trading ecosystem.

Plus, with the recent hype around the DeFi governance sector, Dexe has been driven up.

But there's a problem:

The RSI is already seriously overbought, with over 100 million in 24-hour trading volume, and a lot of profit-taking is happening. The 26 US dollar resistance hasn't been broken, and it's currently consolidating below 25.

So my view is: don't short, but also don't chase long. Wait for a pullback to the 18.5 to 20 range before considering going long. You can wait for my community notification.

$DEXE #DEXE