$DEXE ‌DEXE / USDT - 4-Hour View

Price: $4.56 (+14.47%)
24-Hour Volume: $7.68 million DEXE / $34.91 million - Number 1 in the trend
Technical Analysis: A large wick formed on July 21st to $47.17, followed by a full drop to $1.61. This was a low-liquidity/stock market-driven wick, now in recovery mode.
MA5: 4.77 - MA10: 3.95 - MA30: 7.92 -> MA5 and MA10 have turned upwards, price is holding above MA10. There is an uptrend in the short term.
MACD: 1.32 - DIF is recovering from deep negative, histogram has turned green, momentum is shifting towards buyers.
Volume: A large increase in volume at the bottom and increasing buying volume in the last 4 candles.
Support: $4.20 / $3.95 / $1.61 bottom levels
Resistance: $4.77 (MA5) / $7.92 (MA30) / $10.72
A close above $4.77 on the 4-hour chart will accelerate the recovery, while a close below $4.20 will increase the risk of a drop to $3.90.
What is the Project?
DeXe is a DAO infrastructure protocol. It provides merit-based voting, delegation, sub-DAOs, and decentralized treasury management. The DEXE token is used for governance, staking, incentives, and treasury transactions. It is active on Ethereum and BNB Chain.
Latest News:
1. Extreme volatility occurred after the $47 wick on July 21st, becoming the 1 winner on Gate following its listing on another exchange. 2. Treasury consolidation completed - 60% of the total supply is now locked on-chain in Ethereum and BNB and fully controlled by DEXE holders. 3. Community sub-DAO Era 2 ended on July 18th, $DEXE rewards and Voting Power Early Adopter NFTs distributed to the top 30 participants.
#DEXE #DeXeProtocol #DAO