DEXE Coin Price Target of $53 After 10% Increase

The DEXE token has risen by about 10% in the last 24 hours and is among the biggest daily gainers in the cryptocurrency market. Buyers are supporting the breakout, while on-chain data shows that large traders are holding profitable long positions. The price is above a key technical level that had previously hindered growth. Lookonchain identified four wallets with 2x long positions in DEXE, which have unrealized gains totaling approximately $1.32 million. The largest gain is 104.57%. DEXE has achieved returns of 19.3% in a week, 38.99% in a month, 724.98% in six months, 755.81% year-to-date, and 265.1% over the past year. Analyst Javon Marks sees a new price target of $53, provided the price remains above the breakout zone. In the short term, the outlook depends on whether buyers can break through the resistance zone between $28.8 and $29.0. The price is consolidating around $27.67, above the 20-period SMA of $25.118. Support is at around $27.4 and $25.0. The RSI is near 71, which is overbought, but there is no confirmed bearish divergence. Trading volume has increased by 160.26% to $113.95 million, while open positions have risen by 13.75% to $126.27 million.

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