DEXE is currently in an extreme oversold phase following a sharp sell-off. The latest 4-hour closing price is around 3.42. Previously, the price rapidly dropped from the phase high of 42.432 down to 3.155, with a maximum drawdown of about 92.6%. The continuous declines from the 21st to the 22nd were accompanied by a significant increase in trading volume, indicating that the market went through concentrated liquidation, a liquidity shock, or panic selling—not a normal pullback.

The current price is already far below the 4-hour EMA5, EMA10, EMA20, and EMA120. The moving averages show a complete bearish alignment, suggesting that the medium- and short-term trend has not yet been reversed. Oversold conditions only indicate that the downside move was too large, and do not mean the bottom has been confirmed.