Key Takeaways:
DEXE hit its $46 target but a double-top breakdown now points to a drop toward $43.20 to $41.10.
DEXE fell 3.2% to $45.75 after breaking below a double-top neckline at $46.35, putting the token's 1,400% year-to-date rally at risk of a deeper correction.
"The double-top breakdown below $46.35 signals weakening demand after two failed attempts near $48.50 to $49," Yashu Gola, a crypto analyst and journalist, said. "A confirmed hourly close below this level would put the measured target near $43.20 in focus."
The one-hour RSI has fallen toward 50 from overbought territory, while the four-hour RSI remains above 70, suggesting the correction could extend further. The 20-period four-hour EMA near $41.10 represents a potential mean-reversion target, roughly 10% below current levels. Coinglass data shows about $263,200 in long positions at risk near $44.80, with cumulative long liquidations reaching $9.59 million if DEXE drops toward $27.50.
The broader liquidation imbalance leans bearish — long exposure below the market far outweighs short exposure above it. A drop below $44.80 could accelerate selling toward the double-top target at $43.20 and the four-hour EMA near $41.10. On the upside, about $219,830 in short positions could be liquidated if DEXE rallies toward $50, though cumulative short liquidations to $57.50 total only $3.13 million — roughly one-third of the long-side exposure.
The bearish setup would be invalidated if DEXE reclaims $46.35 and closes decisively above $49, which would open the door to another leg higher. The token faces large liquidation clusters on both sides of its current price, suggesting elevated volatility in the near term.
This article is for informational purposes only and does not constitute investment advice.
