DEXE Teeters on the Edge – Will This Be the Catalyst for a Comeback?

DeFi’s perpetual underdog DEXE hangs by a thread—down 60% from its ATH, bleeding against BNB, and flirting with make-or-break support levels. But crypto loves a redemption arc.

The setup: Whale wallets are loading up, governance proposals hint at staking upgrades, and that cursed ’dead cat bounce’ from last week just got interesting. Traders whisper about a potential liquidity surge from a rumored Asian exchange listing (because nothing solves problems like fresh bagholders).

Bottom line: This isn’t hopium—it’s a high-stakes technical play. Win, and DEXE retests $3.50. Lose, and it becomes another cautionary tweet in your timeline. Either way, grab popcorn—the leverage longs and shorts are already circling like vultures over a dying stablecoin.

Consolidation can mean reversal

Historically, symmetrical triangles usually signal a pull-and-push between buyers and sellers. For DEXE, the narrowing price range shows gathering momentum.

A strong breakout outside the triangle could establish its direction for its next move. If triangle support holds its muscles, DEXE may turn around, especially if market sentiment is still intact.

Source: TradingView

However, a breakdown below the support will expose DEXE to further downside pressure. Even so, on-chain data adds a hopeful twist.

HODLer sentiment still optimistic

Even though the pullback painted an overly bearing picture, HODLer sentiment remained intact.

Based on on-chain data from IntoTheBlock, 67% of DEXE holders were in profit at press time. This indicated that most investors bought at lower price points and believed in the long-term value of the project.

To add some icing to the cake, the majority of these profitable addresses were not even short-term traders. In fact, 73% of them have held onto their tokens for over a year.

This kind of level of long-term holding is evidence of the tremendous degree of confidence in DEXE’s fundamentals and future price appreciation.

Source: IntoTheBlock

Long holding behavior implies long-term conviction

These kinds of holding patterns typically mean experienced players in the market who are not worried about the short-term moves.

Long-term holders purchase on dips in the market and accumulate when there is uncertainty around it — just the kind of scenario DEXE finds itself in today. These figures give strength to the bullish case.

This long-hold behavior can restrict panic selling and cushion the downside. In fact, it may even support a rebound once the broader market stabilizes.

What’s coming next for DEXE?

All signs now converge on the triangle.

Rebound from the support can spur a short-term rally, or a drop below can postpone recovery. Either way, the existence of strong hands in place counters any bearish impact.

With DEXE stuck at decisive support, the next few days will determine what its next significant move is.