#BTCNextATH? 📊 Technical Analysis: $DEXE
/USDT on Binance 📈
The DEXE/USDT trading pair has shown bullish momentum with a +2.49% increase, currently trading at $17.94. Let’s dive into the technicals and outline potential targets for traders. 🎯
Key Observations
Current Price: $17.94
24h High: $18.569
24h Low: $16.482
Trading Volume (24h): $8.62M
Bollinger Bands:
Upper Band (Resistance): $18.188
Middle Band (Current Trendline): $17.725
Lower Band (Support): $17.262
3 Potential Targets 🎯
1. Short-Term Target: $18.18
The upper Bollinger Band suggests immediate resistance near $18.18. A breakout above this level could signal strong bullish continuation.
2. Mid-Term Target: $19.00
If momentum sustains, $19.00 could be a key psychological and technical resistance level. Monitor volume spikes for confirmation.
3. Long-Term Target: $20.50
With consistent buying pressure and favorable DeFi market trends, $20.50 could be achievable. This aligns with previous high zones on the longer timeframes.
Key Levels to Watch
Support Zones: $17.26 (Lower Bollinger Band), $16.48 (24h Low)
Resistance Zones: $18.18 (Upper Band), $18.57 (24h High), $19.00
Market Sentiment
The pair remains bullish in the short term, supported by strong daily trading volumes. Traders should watch closely for any breakout above $18.18 or a potential pullback to the support zone around $17.26.
📌 Pro Tip: Always set stop-loss orders to protect your positions and manage risks effectively.
💬 What’s your outlook on DEXE/USDT? Share your thoughts below!
Trade wisely!