According to reports from AMBCrypto, DeXe [DEXE] has experienced a 12% decline over the past 24 hours, tracking a broader cooldown across AI-linked tokens during the same period. The cryptocurrency is currently testing a well-defined demand zone that has historically triggered upward moves, though the most recent attempt failed to break above the $16 mark. On the 4-hour timeframe, a near-term recovery hinges on a break above resistance at $12.8, with historical price behavior suggesting this level has acted as a pivot point.
As reported by AMBCrypto, on the daily chart, DeXe has moved into a well-defined demand zone that has historically triggered upward moves, with previous reactions from this level leading to rallies. However, price could extend lower toward the midpoint of the zone near $11.6 before establishing a stronger base. The asset continues to respect an upward-sloping trendline that has supported price on multiple occasions, with the trendline preceding at least three rallies, including two significant advances. If this structure holds, the asset could post a recovery of up to 19%, with $15.3 emerging as a near-term target.
According to AMBCrypto, momentum indicators are beginning to reflect a shift in market behavior, with signs of accumulation returning after sustained selling pressure. The Accumulation/Distribution metric has edged higher, indicating a gradual pickup in buying interest despite the recent drawdown. The Balance of Power (BoP) indicator points to strengthening buyer momentum, with BoP currently printing 0.39—firmly in positive territory on a scale from -1 to +1. A continued rise in this metric could support a breakout above short-term resistance levels, though overall volume trends remain weak, suggesting that sellers still maintain broader control of the market.
As reported by AMBCrypto, despite improving spot market signals, derivatives data highlights a key headwind through perpetual futures market positioning. Coinglass data shows that the Open Interest-Weighted Funding Rate has slipped into negative territory, currently at -0.0029%, indicating that the majority of the estimated $234 million in Open Interest is positioned on the short side. This skewed positioning toward short positions increases the likelihood of continued resistance against upward price movement, with sustained upside remaining limited unless the Funding Rate shifts back into positive territory.
