Karla Barker 
DeXe (DEXE) has been on a remarkable run, printing fresh highs for weeks. The token gained 45% in the past seven days alone and over 1,000% across the last 180 days. However, in the last 24 hours, capital began retreating as buyers stepped back to lock in profits. This shift dragged the asset down roughly 13% within the period.
Chart Structure Suggests a Temporary Setback
Despite the decline, the chart structure points to a possible temporary pullback. DeXe printed two telling doji candles in the early hours of the day. The first, a gravestone doji, reflected intense sell pressure as price tried to extend its upswing. A dragonfly doji formed a few candles later, signaling that bulls were stepping back in.
Price currently sits bearish, and the near-term outcome depends on key demand zones. Demand zone 1 offers the first line of support. If price bounces here, it could swing upward to clear overhead liquidity. Should selling pressure keep mounting and that level breaks, demand zone 2 is ready to cushion the price and absorb pressure.
Demand zone 1 holding remains the likelier scenario. Volume data supports this, with volume down 36% over the period. Declining volume alongside a falling price often means the momentum behind the move is weak, opening room for buyers to take control.
Momentum Indicators Signal a Slowdown, Not a Reversal
Momentum indicators are not fully aligned with the bearish price action. The Accumulation/Distribution (A/D) indicator captures this tension. The A/D line weights each period’s volume by where price closes within its range, serving as a proxy for accumulation or distribution. At the time of this report, it was trending slightly upward even as prices fell. This divergence suggests a modest increase in buyer activity within the period.
Similarly, the relative strength index (RSI) is holding within the bullish 50 to 70 band at a reading of 52. The RSI measures the speed and magnitude of recent price moves. A reading right on the midline points to neutral, relaxed sentiment rather than a decisive bearish shift. The balance suggests price is likely to settle around this level, which coincides with the demand zone.
Sell Pressure Eases on the Spot Market
Spot market data points to easing sell pressure so far. Spot netflow hit its highest net sales on July 12th, when sellers dominated and net inflows reached $5.38 million. Although sellers still hold the upper hand, netflow has plunged to just $391,000—more than ten times below the earlier reading. This matters because it shows that seller strength has weakened sharply on a netflow basis while buyers step in.
In summary, the pullback appears to be driven by profit-taking rather than a fundamental shift in sentiment. The declining volume, neutral RSI, and easing spot sell pressure all point to a temporary slowdown. Whether buyers can hold the key demand zone will determine if DeXe resumes its upward trajectory.