DEXE has surged by 13% in the last 24 hours after breaking above key weekly levels.
At press time, the rising volume and strong whale activity across markets suggested the move may be gaining traction too.
Breakout shifts market structure
The move higher was not just a bounce though. Instead, it marked a clear breakout. By pushing past weekly levels, DEXE has shifted its structure from consolidation into expansion.
In fact, the price is now moving freely above those zones, which often opens the door for continuation. At least in the short term.
That’s not all though as the altcoin’s price action has been trading above its key Exponential Moving Average (EMA) with the resistance level at $24 standing as the next target for investor and traders on long positions.
Volume supports the move
According to the recent on-chain data, the altcoin’s volume also surged by 12% to $33 million. That is a significant hike compare to recent volume trends.
This uptick in activity matters. It is evidence that the breakout might not be happening in thin conditions. In most cases, the act of price action and volume rising together reflects a real demand, rather than a short-lived spike.
Whales take the lead
What stands out most is the level of whale participation. Large players have been active across both Spot and Futures markets, pointing to coordinated positioning rather than isolated trades.
That kind of involvement tends to sustain moves, especially when it aligns with a breakout.
Buyers joins the buying spree
Finally, the number of buy orders at the press time trading price has significantly surged too. Alongside the uptick in whale orders, buyers have also been dominating the Futures market.
With both whales and retail buyers all aligned, the anticipated rally to $24 looks more than likely to occur now.
$24 becomes the next focus
With momentum building, the next key level now sits at $24. There’s little resistance in the immediate path, keeping the upside open if buyers maintain pressure.
For now, DEXE is not just recovering, it’s expanding. As long as participation holds, the market is likely to keep pushing higher.
Final Summary
DEXE surged by 13% with volume rising to $33M, confirming strong participation after a key breakout
Whale activity across Spot and Futures markets has been driving momentum, with $24 now the next key resistance level
