While many cryptocurrencies are fighting against price reductions, Dex has shaken up the trend, emerging as the best winner on the market in the last 24 hours. The governance token has outlined many leading assets, which underwent losses during the same period.
With a constant demand for the token, he can extend his short -term gains.
Dexe directs the market rally
The Dex protocol is an open source platform to create and manage decentralized autonomous organizations (DAO). The Dao dex, which has dexit as a governance token, controls the protocol.
Dexe is currently negotiated at $ 22.67, noting a price increase of 4% in the last 24 hours, making it the best winner of the market. This gathering has pushed the price of the token at its highest level since December 2021. With the strengthening of demand, Dexe seems ready to maintain this trend up.
The configuration of its super trend indicator supports this upward perspective. At the time of the press, the indicator green line acts as dynamic support for the dexis price at $ 14.52.
This momentum indicator helps traders to identify market management by placing a line above or below the price table depending on the volatility of the assets. As with Dex, when the price of an asset is negotiated above the green line of the super trend indicator, it indicates an upward trend, indicating that the market is in an upward trend and that the pressure of ‘Purchase is dominant.
In addition, the 100% dexe -dex UP line indicates that its current trend is strong. The Aroon indicator measures the strength and the direction of a trend by analyzing the time since the recent heights of an asset (Aro Up) and the stockings (Aroon Down).
When the AROON UP line of an asset is 100%, it indicates that its most recent has been reached very recently. This is true for Dexe, which is currently negotiating at a four -year summit.
Price prediction: is a record level on the horizon?
If this upward pressure persists and as Dexe maintains its upward trend, it could climb to its summit of $ 35.41, which it has reached for the last time in March 2021.
However, Dexe could lose his recent earnings and drop around $ 17.89 if the profit taking a return.
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