DEXE Drops 11% and Flashes Bearish Divergence — Chart Still Says Bullish, Just Loudly

DeXe [DEXE] fell 11.08% in the past 24 hours, sliding alongside a 27.9% drop in daily trading volume, after a bearish divergence was flagged between price action and the Relative Strength Index by crypto market scanner handle DYOR on X. Despite the single-day pullback, the longer-term trend on the higher timeframe remained intact, with the current uptrend established in March when buyers overtook the prior swing high that had marked the downtrend.

On-Balance Volume had declined in recent days, though the pullback was relatively minor compared with the upward advance recorded since January. Over the past two weeks, DEXE made higher highs while the RSI printed lower highs, a pattern that has historically signaled weakening momentum. The token had been consolidating in the $17.2–$22.6 range for two weeks, and the divergence suggested a short-term correction could follow.

The move came against a sector backdrop that has been outperforming Bitcoin. Glassnode data showed the crypto AI sector gained 7.9% over the past week, compared with 4.1% for Bitcoin [BTC]. Sector-level strength has, at times, supported individual tokens catching bids even when broader capital outflows weigh on altcoins.

Market sentiment was described as extremely pessimistic following the Bitcoin crash earlier this month, a backdrop that has constrained how far the altcoin market can extend in either direction. DEXE has shown the pattern of a five-day rally persisting beyond an initial divergence signal, a reminder that bearish divergences do not always produce immediate reversals.

Analysts identified the $12.95–$15.42 range as a golden pocket zone that could provide a buying level if a deeper correction unfolds, while also flagging the risk of a broader crypto sell-off led by Bitcoin in the coming months.