The DEXTools crypto shows that the price is in an upward rally and has been struggling at the supply level of $1.0500. The price thrust upwards recently from the dynamic support levels of the 20 and 50-Day EMA bands.
Similarly, the past price action of the DEXT has highlighted that the structure was entirely bullish last year. The price rose from the demand zone at $0.1000 and has gained 10x gains on the daily chart.
Since DEXTools crypto token has revealed a strong recovery as the price recently rallied from a crucial level of around $0.8250 on the chart. The DEXT crypto looks like it is set for another continuation by showing a colossal surge again, as it gears up toward the resistance $1.0500 and skyrocket to new peaks from the current support.
Will DEXT Token Hit A New High This Year?
The DEXT token is exhibiting bullish strength and strong rising capacity as it firmly sustains above major 20, and 50-Day EMA bands.
Furthermore, the DEXTools crypto asset is displaying bullish behavior as MACD is above the zero line and shows a bullish crossover with a broad histogram. MACD line is at 0.0546, the signal line is at 0.0369, and the histogram is at 0.0177.
The RSI is near the 70 level and shows signs of price swaying for some of the coming sessions to calm the RSI curve towards the bullish territory, meaning that the asset can extend its gains after some consolidation in price.
DEXT is showing bullish signs and suggests that it has the potential to grow further in future sessions. Since, it has performed well in the past week, month, and quarter by 18.14%, 32.02%, and 76.49%. These performance values are indicating a strong uptrend so far.
At the time of writing, the DEXTools crypto was up 0.89% over the last 24 hours, trading at $1.0028, and price action suggests that it is taking support and can show a spike in the coming sessions.
Therefore, if the demand for the DEXT token remains at its peak, the token price could bounce back from the current level. The next goal for the price could be to reach $1.2000, and the primary resistance would be $1.0500.
On the flip side, if the DEXTools crypto price fails to stay above the $0.9750 level, it could decline further.
Summary
The DEXTools crypto displays that the price is in a bullish rally and has been trying hard at a supply level of $1.0500, in hopes of jumping above this level. The price has boosted upwards recently from the dynamic supports of 20, and 50-day EMA bands.
The DEXT crypto looks like it is geared for another continuation by exhibiting a massive surge again, as it gears up to wreck the resistance level at $1.0500 and launch to new peaks from the current support.
Therefore, if the demand for the DEXT token remains at its peak, the token price could bounce back from the current level. The next goal for the price could be to reach $1.2000, and the primary resistance would be $1.0500.
Technical Levels
Support Levels: $0.9750
Resistance Levels: $1.0500
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
Source: https://www.thecoinrepublic.com/2024/02/27/dextools-crypto-can-dext-token-price-display-a-uptick-again/