Dex dominates daily benefits because all eyes turn into important breakout zones – bits

Dexe ($ 8.44), indigenous tokens of Dexe protocol, decentralized autonomous organizations (DAOS) are doing an open-source platform, top-demonstration crypto property, survey to create and manage decentralized autonomous organizations (DAOS). 10%in the last 24 hours.

This performance comes as a comprehensive crypto market, which shows signs of recovery by lifting the overall Seniite. If the current speeds, this bullying introduces the prejudice tweed dex and further pays the route for short -term benefits.

Traders place big bets on dex

The reading from the Dexe/USD One-Day chart suggests that Altcoin has compressed since 3 August at the press time since trading at $ 8.31, its value has climbed up to 15%to 15%, with the leading manntum indicators indicate on purchase-side pressure.

For example, Dex’s dual -digit rally has posted the major value (green) and span B (yellow) of its Ichimoku Cloud.

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Dex Ichimoku Cloud. Source: TardingView

As this writing, leading Spain A and B have flipped into dynamic support levels at $ 7.64 and $ 7.21 respectively, which can work for the price of dex in coming sessions.

When a property trades over its ICIMOKU cloud, it indicates a strand bullish trend and upward mental. it indicates Positive marketAnd property may continue to grow if it is above that support area.

In addition, in the derivatives market, the funding rate of the dex has improved positively seriously on July 20, which increases with confidence. At the press time, it is 0.0048%.

Dex funding rate. Source: Curring Class

The funding rate is a recurring fee that is always exchanged between long and shorter traders in futures contracts. This spot is designed to keep the contract price according to the market.

When it is positive, long traders dominate the market and are paying for those who live in small positions, which rapidly indicate market sanitic.

The continuous positive funding rate of the dex indicates that traders remain firmly on the tokens, with a wider market mainly viewing their confections mainly.

Will $ 9.04 crack or $ 6.73 will come first?

Dex is currently hanging resistance at $ 9.04. If the demand soak and ballish bias increases, it is possible to violate this level in the near period. If this happens, the token price may rally towards $ 9.45.

Dex price analysis. Source: TardingView

Conversely, if the bears receive dominance, they acquired a dex price dipped trigger for $ 6.73.

The post dex dominates the daily benefit as all the eyes turn to the key breakout zone, which first appeared on the beincrypto.