February 25 News: DeXe (DEXE) is experiencing a strong upward movement on the daily chart, with a single-day increase of 17%. Technical patterns indicate that it has completed a descending wedge breakout and successfully retested, clearly shifting the short-term market structure to bullish. After the price effectively broke above the key resistance zone at $3.17, the upward channel further opened, and market focus quickly shifted to the $4 psychological level. This area also overlaps with a liquidity-rich zone, becoming a core position for short-term price battles.
From a technical perspective, descending wedges are generally seen as bullish reversal or continuation patterns. The breakout was confirmed with increased volume, indicating strong buying momentum and higher trend reliability compared to price rises on low volume. If the price remains steadily above $3.17, this zone could turn into a support level, laying a structural foundation for a subsequent push toward $4.
On-chain and derivatives data also show positive signals. Market data indicate that DeXe spot trading volume surged by 145%, reaching approximately $65 million, while futures trading volume increased by 83% to about $6.55 million. The simultaneous rise in spot and derivatives trading volumes usually suggests genuine capital participation rather than short-term emotional spikes.
Additionally, open interest increased by about $1.2 million, reaching a total of $6.4 million. Rising prices combined with expanding open interest often reflect the establishment of new long positions, with some medium to large funds possibly following trend-based strategies. This pattern is often considered an important indicator of trend strengthening during altcoin rallies.
In the short term, as long as trading volume remains high and open interest continues to grow, the probability of DEXE moving toward the $4 liquidity zone will significantly increase. However, if trading volume declines later, a technical pullback may occur to re-validate the breakout. Currently, multiple indicators and bullish momentum remain aligned, suggesting DeXe is in an active expansion phase, with market sentiment favoring continued upward movement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
DeFi Hack Triggers $9 Billion in Outflows from Aave as Stolen Tokens Used as Collateral
A recent hack draining nearly $300 million from a crypto project led to a liquidity crisis on Aave, causing users to withdraw around $9 billion. Concerns over collateral quality prompted mass withdrawals, highlighting risks in DeFi lending.
GateNews13m ago
Crypto Expert Claims Altseason Peak Is Just Starting, XRP Could Lead With Explosive Gains
Crypto expert claims altseason peak is just starting.
The price of XRP could lead with explosive gains soon.
Several altcoin assets are showing steady bullish signals.
The crypto market has seen very slow growth in altcoin prices this bull cycle. While the price of Bitcoin (BTC), the
CryptoNewsLand13m ago
Tensions around the Strait of Hormuz have been fluctuating, and Bitcoin falls below $74,000
The Strait of Hormuz blockade triggers a major shock in the crypto market: after Bitcoin first breaks above $78,000, it then falls back to $74,000, and the market remains in panic. This article provides an in-depth analysis of the transmission mechanism between geopolitical shocks and crypto market price action.
GateInstantTrends1h ago
Crypto Jack Warns Bitcoin May Drop to $48K Amid Geopolitical Tensions
Crypto trader Crypto Jack warns investors to sell Bitcoin, predicting a decline to $48,000 amidst US-Iran tensions and negative financial signals, before a potential recovery in May based on seasonal trends.
CryptoFrontier2h ago
Bitcoin’s fourth halving rally is slowing down, analysts say: BTC may have entered a “new normal”
Investment firm Galaxy analyst Alex Thorn noted that Bitcoin’s advance during this halving cycle has been lower than historical records, with volatility declining, and the market may be entering a new normal. Compared with the past three halvings, the fourth time’s price change is no longer significant. While the passage of U.S. spot ETFs has catalyzed the rally, the market’s ongoing conditions still need to be watched closely.
ChainNewsAbmedia2h ago
ETH jumps 1.22% in 15 minutes: DeFi segment activity and trading volume surge resonate to drive the move
2026-04-20 07:15 to 07:30 (UTC), ETH’s short-term return reached +1.22%. The price range spanned from 2285.19 to 2332.62 USDT, with a 2.07% amplitude. During this period, market attention heated up, volatility noticeably intensified. On-chain transaction volume rose in tandem, and key mainstream on-chain activity indicators expanded significantly on a month-over-month basis.
The primary driver of this deviation was an increase in transaction activity related to DeFi protocols, which boosted the share of on-chain Gas consumption. At the same time, total on-chain transaction volume saw a sharp surge in a short time. DeFi scenarios such as decentralized exchanges and lending protocols led to a direct surge in demand for ETH, driving funds to flow quickly into the market. In addition, the average Gas fees and Gas prices on the ETH network continued to climb in this window, further validating that high-frequency trading and active capital were accelerating into the market and strengthening short-term bullish sentiment.
Second, on-chain data also showed an expansion in liquidity related to stablecoins and ERC20 assets, strengthening market buy-side power. Although historical large-wallets such as Wilcke still held a large amount of ETH after early March, this cycle did not trigger abnormal transfers or large-scale sell-offs. Meanwhile, the positioning structure of mainstream ETH did not show passive deleveraging or concentrated liquidation. Under the combined effects of multiple factors, global buy-side demand was amplified, and short-term ETH volatility was further elevated.
Be alert to the risk of capital sustainability after a surge in high-frequency trading volume and Gas fees. If subsequent incremental buying is lacking or on-chain attention cools down, ETH may face short-term pullback pressure. Monitor changes in large-holder positions, any abnormal shifts in network fees, and liquidity volatility on the DeFi protocol chain. While there have been no signs of security incidents involving major contracts and protocols so far, short-term liquidity disturbances still need close observation. Keep monitoring fund flows and on-chain structure to stay informed about subsequent market changes.
GateNews3h ago
