Dex on Monday deviated from the trend of recession prevalent within the wider crypto market to post benefits.
The indigenous token of the Dexe Protocol held rallies of about 17.27% on 3 February. The $ 23.22 $ 22 to hit the high hit, as US President Donald Trump’s Canada, Mexico was struggling to overcome the market-wide accident by double-point trade tariff on Mexico. And China.
Bitcoin (BTC) fell nearly 6%, while the disadvantage was more pronounced in major altcoins. Etharium (Ath) fell more than 16% in the first day, while Ripple (XRP), BNB (BNB), and Cardano (ADA) declined between 10–20%. The total crypto market capitalization was lost about 10% of its value in the last 24 hours.
Conversely, Dexe was more than 7%, when writing, exceeding $ 22.53. It was one of the best performing tokens for the previous month, up to 26% in January, while its annual profit increased by 676%.
Why is the dex going?
Many factors are fueling the recent rally of Dex.
Dune analytics data suggests that both Etreum and BNB have steadily increased the number of Dexe holders in recent months. As of 2 February, 53,768 investors held Dex, which was viewed from 41,391 in late August last year.
Recently, the bullish motion was also fuel by promoting around the development of ecosystems, with more than $ 1 billion integrated into dex tokens in dex tokens, in which 1 billion dollars in administration via dex dow More than was integrated. Other major milestones included locking the DAO Treasury, presenting stacking-governance features for DAOS and launching stacking for dex Dow to increase community engagement.
Dex’s rally took place with a steady increase in staking activity on its protocol. A month’s stacking tier of Dexe Protocol was held over 11.3 million Dex, a three -month tier was held more than 2.82 million tokens, and a six -month pool had about 690,000 tokens at the time of publication. By 30 January, 20% of the total supply of tokens was stopped.
Merchants were also rapidly accelerated on upcoming developments such as Dex DAP V2 and major partnership launches mentioned in the unveiling of last month’s 2025 roadmap.
https://twitter.com/dexnetwork/status/187472732511993953
technical analysis
In the 1-day Dexe/USDT chart, the 50-day moving average has gone above the 200-day MA, suggesting that the bulls currently dominate its market. The aeron indicator supports 100% with aron and 64% with aeron, which means that the strength of the uptrend is far more, which can help further expand the rally in the coming days.
In addition, the relative power index on 62 also indicates that there is still space for development before the property is overbott. If it reaches high levels, Dex may see a small pullback at the price before continuing its rally.
Therefore, Dex can continue its rally, target the next psychological resistance at $ 25. However, if there is a reversal, Altcoin will get strong support at $ 15.8, aligning with a 50-day MA on the daily chart.
