DeXe (DEXE) extended its rally, defended the $30 level and reached a new all-time high of $35.5.
At press time, DEXE was trading around $34 after rising 17.9% over the past day. Trading volume jumped 161% to $128 million, while market capitalization climbed 16%, reflecting strong market participation.
So why did DEXE come on board?
DeXe has become 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-related infrastructure. This trend has kept demand high. Over the past week, DEXE has also seen strong Spot accumulation.
Buyers have dominated the market for eight consecutive days, according to data from Coinalyze. Spot purchase and sale volume maintained a positive delta throughout the period, with purchase volume above 1 million.
A positive, sustained buy-sell delta indicates aggressive spot accumulation.
However, one-off demand was not the only driver.
According to CoinGlass, open interest increased 18% to $160 million, while derivatives volume soared 146% to $210 million.
Source: CoinGlass The sharp increase in open interest and derivatives volume suggests that traders have been actively opening new positions. This alignment showed that spot and derivatives traders supported the rally. If demand remains high, DEXE could extend its gains.
Can DEXE climb above $40?
Buyers maintained firm control over the market, reinforcing DEXE’s bullish momentum.
The relative strength index (RSI) climbed to 76, approaching overbought territory. The figure reflects strong buying pressure rather than weakening momentum.
However, another indicator supported the trend.
The average directional index (ADX) showed the positive directional indicator (+DI) standing at 37, above both the ADX reading of 33 and the negative directional indicator (-DI).
Together, these indicators suggest that the uptrend could continue if buying demand remains intact.
If buyers continue to accumulate, DEXE could surpass $40 while maintaining the $30 support level. Failing to defend $30 could send the altcoin towards its next support near $27.
Final Summary
- DeXe (DEXE) rose nearly 18% to a new all-time high of $35.5 before returning to around $34 at press time.
- Strong spot accumulation and rising open interest suggest buyers remain firmly in control as DEXE targets $40.
