$DEXE ‌DEXE / USDT - 4-hour perspective

Price: $4.56 (+14.47%)
24-hour volume: $7.68 million DEXE / $34.91 million - No. 1 by trend
Technical analysis: A large long candle (wick) was formed on July 21 at $47.17, then dropped sharply all the way down to $1.61. This wick was caused by low liquidity / stock market impact, and it is currently in a recovery phase.
MA5: 4.77 - MA10: 3.95 - MA30: 7.92 -> MA5 and MA10 have turned upward, and the price is holding steady above MA10. An uptrend is forming in the short term.
MACD: 1.32 - DIF is rebounding from a deeply negative level; the histogram has turned green, and momentum is shifting toward the buyers.
Volume: Volume surged at the bottom, and buying volume has been increasing over the last 4 candles.
Support: 4.20 / 3.95 / 1.61 are the 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 momentum, while a close below $4.20 will increase the risk of a correction down to $3.90.
What is the project?
DeXe is a DAO-based infrastructure protocol. It provides a contribution-based voting mechanism, delegation, sub-DAOs, and decentralized treasury asset management. The DEXE token is used for governance, staking, incentives, and treasury asset transactions. The project operates on Ethereum and BNB Chain.
Latest news:
1. An extremely strong surge occurred after the $47 wick on July 21, becoming Gate’s No. 1 winner after being listed on another exchange. 2. Treasury asset merger is completed — currently 60% of the total supply is locked on-chain on Ethereum and BNB and is fully controlled by DEXE holders. 3. The Era 2 sub-DAO community concluded on July 18; $DEXE rewards and the NFT Voting Power package for Early Adopters were distributed to the top 30 participants.
#DEXE #DeXeProtocol #DAO #Crypto ‌