DEXE rides Bitcoin’s $70K momentum, rallies 124% in 3 weeks
The daily RSI has been above 70 thrice since the 25th of February- could this be an early warning of an impending pullback?
DeXe [DEXE] has rallied just over 7% in 24 hours. It saw a 40% spike in daily trading volume, though generally, weekends see reduced trading volume. Over the past week, DeXe was up 41.5%.
The crypto AI sector has performed exceptionally well over the past week. Led by Bittensor [TAO], the sector’s market cap was up 19.3%, according to Glassnode data. It is possible that the Bitcoin [BTC] rally above $70k helped capital flow into certain altcoins.
Early strength exhibited by some AI tokens likely helped draw even more capital into the sector in recent days.
DEXE rallies to 2026 highs
The altcoin had made a new local high at $5.51 on Sunday, the 15th of March. This was a level that DEXE had last traded at toward the end of November 2025.
The 1-day swing structure of DEXE was bullish. The downtrend’s swing low at $4.19 (orange) was convincingly breached. The trading volume during the move higher was sizeable, too.
The CMF has been above +0.05 over the past three weeks, signaling heavy demand. The A/D indicator agreed with the buying volume, and the RSI reflected sustained upward momentum.
Over the past month, the moving averages went from being dynamic resistance levels to forming a bullish crossover, once again agreeing with the other technical indicators.
Based on the 1-day timeframe’s price action, the $6.3-$7.3 area was the next long-term supply zone to watch out for. In October and November 2025, the sellers had defended this area from the buyers and triggered a bearish continuation from here.
Traders can expect some short-term volatility. The swift recent gains meant there was a lot of cumulative long liquidation leverage built up below the market price. A retracement toward $5 was a possibility that traders and investors should be prepared for.
The daily RSI has been above 70 thrice since the 25th of February. The liquidation map also warned of a possible pullback.
If such a drop occurs, it would present a buying opportunity targeting $6.3-$7.3. In the short-term, a price drop below $4.2 would be a warning of a deeper retracement.
Final Summary
- DeXe exhibited intense bullish momentum over the past three weeks to rally to a 4-month high above $5.
- The bulk of the move was likely done, but a pullback to $5 could be followed by a move to the $6.3-$7.3 supply zone.
