DeXe [DEXE] extended its rally, defended the $30 level, and surged to a new all-time high of $35.5.
At press time, DEXE traded around $34 after rising 17.9% over the past day. Trading Volume jumped 161% to $128 million, while Market Cap climbed 16%, reflecting strong market participation.
So, why did DEXE rally?
DeXe emerged as one of the best-performing tokens in 2026. In fact, the altcoin has gained 962% year-to-date.
The rally came as traders sought exposure to decentralized governance and AI-linked infrastructure. That trend kept demand elevated. Over the past week, DEXE also recorded strong Spot accumulation.
Buyers dominated the market for eight consecutive days, according to Coinalyze data. Spot buy-and-sell volume maintained a positive delta throughout the period, with Buy Volume exceeding 1 million.
A sustained positive buy-and-sell delta indicated aggressive Spot accumulation.
However, Spot demand was not the only driver.
According to CoinGlass, Open Interest rose 18% to $160 million, while Derivatives Volume climbed 146% to $210 million.
Source: CoinGlassThe sharp rise in Open Interest and Derivatives Volume suggested traders actively opened new positions. That alignment showed both Spot and Derivatives traders supported the rally. If demand remains elevated, DEXE could extend its gains.
Can DEXE climb above $40?
Buyers retained firm control of the market, strengthening DEXE’s upward momentum.
The Relative Strength Index (RSI) climbed to 76, approaching overbought territory. The reading reflected strong buying pressure rather than weakening momentum.
Even so, another indicator supported the trend.
The Average Directional Index (ADX) showed the Positive Directional Indicator (+DI) rising to 37, above both the ADX reading of 33 and the Negative Directional Indicator (-DI).
Together, these indicators suggested the uptrend could continue if buying demand remained intact.
If buyers continued accumulating, DEXE could move above $40 while holding the $30 support level. Failure to defend $30 could send the altcoin toward its next support near $27.
Final Summary
- DeXe [DEXE] rallied nearly 18% to a new all-time high of $35.5 before easing to around $34 at press time.
- Strong Spot accumulation and rising Open Interest suggested buyers remained firmly in control as DEXE targeted $40.
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