DeXe (DEXE) extended its rally, maintained the $30 level and rose to a new all-time high of $35.5.
DEXE was trading around $34 at the time of writing, after recording a 17.9% increase in the past day. Trading Volume increased 161% to $128 million, while Market Cap increased 16%, reflecting strong market participation.
So why did DEXE rise?
DeXe has emerged as one of the best-performing tokens of 2026. In fact, the altcoin has gained 962% since the beginning of the year.
This rise comes at a time when traders are trying to access decentralized governance and AI-connected infrastructure. This trend has kept demand high. Last week, DEXE also recorded strong Spot accumulation.
Buyers dominated the market for eight consecutive days, according to Coinalyze data. Spot trading volume maintained positive delta throughout the period, with Trading Volume exceeding 1 million.
The persistent positive bid-ask delta indicated aggressive Spot accumulation.
However, Spot demand was not the only factor.
According to CoinGlass, Open Interest increased 18% to $160 million and Derivatives Volume increased 146% to $210 million.
Source: CoinGlass The sharp increase in Open Interest and Derivatives Volume showed that investors were actively opening new positions. This alignment showed that both Spot and Derivative investors supported the rise. DEXE could extend its gains if demand remains high.
Can DEXE rise above $40?
Buyers maintained tight control of the market, strengthening DEXE’s bullish momentum.
The Relative Strength Index (RSI) climbed to 76, approaching the overbought zone. The reading reflected strong buying pressure rather than weakening momentum.
Yet another indicator supported this 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).
These indicators together indicate that the upward trend may continue if purchasing demand remains intact.
If buyers continue to accumulate, DEXE could rally above $40 while maintaining the $30 support level. Failure to defend $30 could send the altcoin towards the next support near $27.
Final Summary
- DeXe (DEXE) rose nearly 18% to an all-time high of $35.5 before falling to around $34 at press time.
- Strong Spot accumulation and rising Open Interest showed that buyers remain firmly in control as DEXE targets $40.
