DEXE Weekly Analysis Feb 10

DEXE is maintaining its downtrend structure at the $2.04 level with a weekly -2.77% loss; although the oversold RSI (29.92) signals short-term recovery, the EMA20 ($2.50) resistance is testing the trend’s integrity. While the market shows signals of transitioning to an accumulation phase, Bitcoin’s bearish momentum is creating pressure on altcoins.

DEXE in the Weekly Market Summary

DEXE traded in the $2.03 – $2.13 range last week, recording a -2.77% decline and stabilizing at $2.04. The volume profile remained limited at $753,004, indicating low participation. The primary trend continues as a downtrend; RSI at 29.92 points to oversold territory, while the MACD’s negative histogram confirms bearish momentum. Trading below short-term moving averages, DEXE is resisting the $2.50 EMA20 resistance. The market structure exhibits weakness aligned with Bitcoin’s broader macro downtrend. For position traders, holding key supports this week will determine accumulation opportunities, while a break will signal deep downside risk. For more detailed data, check the DEXE detailed spot analysis page.

Trend Structure and Market Phases

Long-Term Trend Analysis

The long-term trend structure is characterized by a clear downtrend; DEXE remains below the lower trendline on higher timeframes (1W/1M). The major support at $1.7260 (score 75/100) is nearing a test, standing out as an inflection point that preserves the trend’s integrity. In the market cycle context, a distribution phase appears dominant following the late 2025 rally, but current pricing carries reversal potential amid oversold conditions. The trend filter gives a bearish signal; higher highs should not be expected unless $2.76 resistance is broken. For portfolio managers, with the long-term trend intact, patience is essential for contrarian long positions.

Accumulation/Distribution Analysis

Accumulation/distribution patterns on the weekly chart exhibit accumulation phase characteristics with low-volume consolidation; the volume cluster around $2.0280 (score 70/100) forms a strong base. However, prices holding below the upper band resistance at $2.1324 (score 65/100) indicate that smart money has not yet shifted to clear accumulation. Distribution patterns were triggered by the previous $2.50 EMA20 breakdown; if $2.03 support breaks, cascade selling risk increases. From a Wyckoff methodology perspective, this range is in the secondary test phase; the breakout direction will clarify with the weekly close. For futures trading, follow DEXE futures market data.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, DEXE is holding above $2.0280 support at 1D(2S/3R) levels; RSI divergence (exit from oversold) creates short-term bullish confluence. The MACD histogram is narrowing, signaling a momentum shift. The $2.1324 – $2.3549 resistance cluster, if broken above on a daily close, opens the door to upside extension. Confluence score is high; support bias dominates among 13 strong levels on the daily.

Weekly Chart View

From a weekly perspective (3S/2R), the trend structure is bearish; price is below EMA20 and near the $1.7260 major support. Weekly candles show doji-like indecision, with volume profile concentrated in the lower band. The 1W Supertrend bearish crossover confirms the downtrend; reversal requires a close above $2.76. Multi-timeframe confluence supports long bias on support hold, but limited by BTC pressure.

Critical Decision Points

Critical levels that will determine market direction are as follows: Major Support: $1.7260 (75/100, breakdown triggers deep downside), $2.0280 (70/100, current base). Major Resistance: $2.3549 (69/100, first test), $2.1324 (65/100, short-term pivot), $5.1355 (61/100, long-term target). Trend integrity remains intact as long as above $1.7260; below it, cascade risk leads to $0.2254 downside (score 22). Upside objective $3.8335 (score 30), carrying 1:2+ R/R potential. Visit the DEXE and other analyses section for all analyses.

Weekly Strategy Recommendation

In Case of Upside

The bullish scenario activates with a daily close above $2.1324; targets $2.3549 – $3.8335 range, stop-loss below $2.0280. Oversold RSI and volume increase provide confluence for long position entries; limit position size to 2-3% risk. Wait for weekly $2.50 EMA20 breakout for trend reversal confirmation, targeting 1:3+ R/R.

In Case of Downside

The bearish scenario triggers on $2.0280 breakdown; targets $1.7260 and beyond to $0.2254, stop-loss above $2.1324. Short positions are advantageous in BTC downtrend confluence; manage with trailing stops. In distribution continuation, expect liquidity hunting down to lower supports.

Bitcoin Correlation

DEXE exhibits high correlation with BTC (0.85+); BTC at $68,747 with -2.27% decline in downtrend, Supertrend bearish. If BTC key supports $65,786 / $62,152 break, DEXE’s $1.7260 test accelerates via cascade effect. If BTC breaks $71,880 resistance, altcoins may relieve, but rising dominance pressures DEXE. Prioritize monitoring BTC movements; DEXE independent rally is limited.

Conclusion: Key Points for Next Week

Next week’s focus: $2.0280 support hold and $2.1324 breakout test; BTC break below $65,786 increases risk. Volume increase and RSI crossover above 50 signal reversal. Position traders should be patient awaiting confluence; remain cautious until macro downtrend integrity holds.