It’s been one week since DeXe (DEXE) suffered a sudden 35% crash – and despite signs of recovery, the token has once again plunged. After a slow, steady climb back toward $11, DEXE abruptly dropped more than 13% in the past 24 hours, falling below $9.2 and nearly erasing all recent gains.
So far, there’s still no explanation from the DeXe team – just like with the previous, much larger drop.
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A Week of Fragile Recovery
Following last week’s crash from $14 to $9, DEXE hovered around the lower range before beginning to recover. By the end of the week, it had briefly touched $10.9 – but the optimism didn’t last.
Within hours, the price nosedived to $10.1, then continued falling throughout the day. As of writing, it’s once again trading around $9.2, nearly the same levels it reached during the initial crash.
No Clarity from the Team
The DeXe team has still not released any official statement explaining the previous price collapse. This latest dip has also gone unaddressed – and unlike the previous incident, there hasn’t even been community chatter on the project’s Telegram so far.
The lack of communication is fueling the speculation. Both events are believed to be cascading liquidations on futures markets, but without data or confirmation, confidence remains fragile.
It’s also worth noting that no other major cryptocurrencies have experienced similar price action, and there is no known news or DeXe-specific development that would explain the sudden drop.
Market Context and Technicals
From a technical standpoint, the indicators paint a bleak picture. The Relative Strength Index (RSI) is hovering near 32, placing the token close to oversold territory. DEXE is now trading below all key moving averages – both short-term and long-term, simple and exponential – signaling sustained weakness. The Awesome Oscillator also remains negative, suggesting that downward momentum is still dominant.
Yet the most alarming signal for investors may be the nature of the price action itself. The steady recovery throughout the week was undone in a matter of hours, with no obvious catalyst. These kinds of sharp, unexplained reversals are lowering confidence – not just in the price, but in the project’s stability overall.
Final Thoughts
A week after a major crash, DeXe is right back where it started – but with even less trust. Without communication from the team or clear data on what triggered these sharp moves, recovery will remain difficult.
We’ll update this article if new information appears.
