DEXE: Short pressure builds as price nears $12.8 - What now?
Tech DEXE: Short pressure builds as price nears $12.8 – What now? DeXe [DEXE] has fallen 12% over the past 24 hours, tracking a broader cooldown across AI-linked tokens during the same period. Price action suggests a rebound remains within reach, but confirmation depends on multiple factors aligning—most notably a shift in positioning within the perpetual Futures market, where short interest continues to dominate. Price structure points to a conditional recovery On the daily chart, DEXE has moved into a well-defined demand zone that has historically triggered upward moves. Previous reactions from this level led to rallies, although the most recent attempt failed to break above the $16 mark. Still, the presence of demand does not eliminate downside risk. Price could extend lower toward the midpoint of the zone near $11.6 before establishing a stronger base. Source: TradingView On the 4-hour timeframe, a near-term recovery hinges on a break above resistance at $12.8. Historical price behavior suggests this level has acted as a pivot, and a successful breakout could accelerate momentum. DeXe also continues to respect an upward-sloping trendline that has supported price on multiple occasions. The trendline has preceded at least three rallies, including two significant advances. Source: TradingView If this structure holds, the asset could post a recovery of up