DEXE Falls 12% as $2.28 Support Tested Amid Rising Holder Count

iconAMBCrypto
Share
This is the logo of the coin.
DEXE
$1.99-0.08%
AI summary iconSummary
DeXe (DEXE) fell 12%, testing the $2.28 support level as traders watch for a potential breakdown. The key support & resistance zone near $2.280 may decide the next price direction. Total Holders hit a record 54,680 on July 31, despite the drop. Whale positioning strengthened, with the Whale vs Retail Delta rising above 0.40. CoinGlass data shows heavy liquidity between $2.085 and $2.160, which could draw price if the support level fails.

DeXe [DEXE] fell roughly 12% alongside the broader crypto market, bringing a long-standing support zone back into focus.

The decline left DEXE near $2.280. Its next reaction could determine whether the altcoin stabilizes or extends its losses.

Can DEXE defend $2.28?

DEXE had revisited the $2.280 region several times since 2022, making it an important long-term support zone.

AD

A recovery from this level could bring the $4.124 resistance into focus. Stronger momentum may then support a move toward $7.155.

DEXE price chart.
Source: TradingView

However, losing $2.280 could expose DEXE to further downside.

The chart marked $0.136 as the all-time low. Still, this remained an extreme reference rather than an immediate target.

Moreover, CoinGlass data showed the Whale vs Retail Delta rising above 0.40 as DEXE declined. The positive reading indicated that whale positioning outweighed retail positioning.

Whale retail delta
Source: CoinGlass

Could liquidity pull DEXE lower?

The 48-hour Liquidation Heatmap showed dense liquidity below DEXE’s market price. The closest notable cluster appeared between $2.085 and $2.160.

DEXE liquidation heatmap
Source: CoinGlass

These levels represented potential liquidation zones rather than resting buy orders.

Price could move toward these clusters if selling continues. However, the chart alone cannot confirm an engineered stop hunt.

Even so, the Open Interest-weighted Funding Rate offered an early bullish signal. The rate had remained negative since the 21st of July but was rising sharply toward positive territory. That shift suggested bearish positioning was easing as some derivatives traders moved toward long positions.

Can rising holders support recovery?

DEXE’s Total Holders reached an all-time high of 54,680 on the 31st of July. The increase continued despite the token’s sharp price decline.

DeXe token holders count.
Source: CoinMarketCap

At the same time, Spot Netflow indicated that traders absorbed approximately $980,009 worth of DEXE over the past day. That alignment suggested accumulation continued while the price tested its long-term support.

However, holder growth and Spot Netflow cannot guarantee a rebound without stronger price confirmation.

For now, the $2.280 support remains decisive. Holding it could stabilize DEXE, while a breakdown may expose nearby liquidity.

Final Summary

  • DEXE tested its long-standing $2.280 support after falling roughly 12%.
  • Liquidity between $2.085 and $2.160 could attract price if support fails.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.