#dexe DeXe (
$DEXE ) fell by 56.67% in a day - what happened?
While Bitcoin shows moderate growth (+2.18%), the DeXe token fell sharply to $14.80. We understand the reasons for the large-scale drop and what awaits the asset next.
🎯 The main reason: Sales from "early" investors
On-chain data records a coordinated transfer of tokens from storage wallets on the KuCoin and LBank exchanges.
The total volume of deposits exceeded 118.5 thousand DEXE (~$1.6 million on KuCoin alone).
Conclusion: The fall is caused by internal profit-taking by large holders, and not by the general market trend.
🚫 Pressure through derivatives
➡️ Funding Rate: Fell to -2.5% per hour, indicating the dominance of short positions.
➡️ Open Interest (OI): Up 15% in an hour on an abnormal surge in trading volumes (21x above normal).
➡️ Conclusion: Leveraged traders bought the dip en masse, adding to the bearish momentum.
📊 Market Outlook and Levels
The token broke the 7-day ($36.58) and 30-day ($28.76) moving averages.
➡️ Key Level: $14.78. A consolidation above will give a chance for a local rebound.
➡️ Downside Scenario: If the influx of tokens on the exchange continues, the price may test the 200-day SMA around $11.61.
➡️ Summary: There is strong bearish pressure in the market, caused by dumping from early holders and shorts on derivatives. A reversal requires a slowdown in exchange deposits and a return of buyers above $14.78.