DEXE continued its upward trend on Friday, breaking through $19.16 during the session, with a single-day increase of over 11%. Over the past week, the token has risen by approximately 32%, and in the past month, it has gained over 58%. Along with the price increase, 24-hour trading volume also increased by approximately 38%, approaching $40 million.

Trading volume increased simultaneously

A simultaneous rise in price and trading volume typically indicates increased market participation. CoinJournal notes that DEXE has entered the list of tokens with the highest recent weekly gains, showing that funds are regaining focus on this asset.

During the same period, Stellar, Humanity, and Injective also appeared among the tokens with strong weekly performance. However, in terms of single-week gains, DEXE remains one of the standout performers in the recent market.

• Intraday increase: Over 11%
• Weekly increase: Approximately 32%
• 24-hour trading volume: close to $40 million

$20 becomes the short-term focus

The market is currently focused on the $20 level, which is considered the immediate resistance. If the price continues to hold above this level and breaks through, the next more significant resistance zone is around $24.

The article points out that the current price of DEXE has returned to the high range since March 2025. This means that the token is testing multi-month highs, and if buying continues, there is still room for further upward movement in the short term.

However, as the price approaches a key psychological level, some short-term investors may choose to take profits, which could increase price volatility and create resistance to further upward movement.

The support level is around $15.

If upward momentum weakens, the market will first observe the support level around $15. This area is similar to the previous consolidation range and corresponds to a point where intraday demand is relatively concentrated.

At lower levels, the 50-day moving average is around $12.84, and the 100-day moving average is around $9.17. The article argues that these two moving averages still provide support for the current uptrend, but if prices continue to fall back to these areas, it suggests that bullish momentum may be weakening.

Overall, the key variables for DEXE's recent price movement remain twofold: whether it can effectively break through $20 and whether trading volume can maintain its high level. If buying slows down and selling increases, the price may retest the $15 level.