DexeDAO's Wallets Wake Up, Whales Wake Down: $DEXE Eyes $30 With 75% of Binance Brains Betting Against It 🐋

DeXe [DEXE] continued attracting attention after climbing nearly 45% over the past months, while on-chain activity reached historic levels across multiple metrics. According to Santiment, Daily Active Addresses surged to an all-time high of 298, the network's strongest participation since launch. Network growth also climbed to 86 new wallets, marking its highest reading since December 2020 and reflecting renewed user adoption. Whale activity strengthened alongside retail participation, with 18 transactions above $100,000 establishing another record. These developments aligned with DEXE's prolonged rally rather than appearing as isolated spikes. Reports also indicated more tokens had left exchanges, reinforcing broader accumulation trends.

Despite DEXE's sustained strength, Binance's top traders continued positioning cautiously throughout the latest advance. At press time, CoinGlass analytics showed only 24.62% of top trader accounts held long positions, while 75.38% maintained short exposure. The imbalance left the Long/Short Ratio at 0.33, illustrating that professional traders had not fully embraced the ongoing rally. DEXE continued holding elevated price levels despite persistent bearish positioning, and the divergence reflected skepticism rather than immediate selling pressure because price remained resilient while bearish bets accumulated.

DEXE approached a critical resistance near $24.61 after reclaiming the $19.77 level with a powerful weekly candle. The next major objective stood near $30, which represented the highest resistance visible on the weekly chart. At the time of writing, the MACD continued supporting the broader uptrend because the MACD line remained above the signal line while both indicators climbed further into positive territory. Although the histogram slightly narrowed, bullish strength remained intact rather than reversing. Buyers retained control as long as DEXE defended support around $19.77; losing that level could expose a deeper pullback toward $13.81, while holding above current support would keep the path open for another attempt at the $24.61 barrier before any move toward $30 could develop.

OI-Weighted Funding Rates remained positive throughout most of June after recovering from several weeks of negative readings earlier in the quarter. The latest reading stood at 0.0059%, confirming that leveraged traders still paid a premium to maintain long positions.