DeXe Tops $29 As Capital Rotates Into DeFi, DAO Tokens
DeXe price gained about 5% to $29. 08, significantly outperforming a flat broader market, primarily driven by capital rotation into the DeFi and DAO governance sector. The price surged following sector rotation. . .
DeXe price gained about 5% to $29. 08, significantly outperforming a flat broader market, primarily driven by capital rotation into the DeFi and DAO governance sector. The price surged following sector rotation into DeFi & DAO tokens, confirming a technical breakout above the key $24. 20 resistance level, extending a multi-week bullish trend. Social sentiment data indicate capital is rotating into DeFi and DAO governance tokens, with DEXE highlighted as a beneficiary. This aligns with broader market reports showing tokens like AAVE and MORPHO also posting gains while major altcoins lagged. The move appears driven by narrative-based flows rather than a single news catalyst, indicating selective risk-taking within crypto. DEXE completed a cup-and-handle pattern and has broken above its $24. 20 resistance—its highest level in over a year. The price is trading above all key moving averages, with the 7-day Relative Strength Index at 70. 37 signalling strong bullish momentum. The technical structure confirms sustained buying pressure and validates the ongoing uptrend. The immediate bullish target is the 1. 272 Fibonacci extension at $30. 31, with a secondary target at $38. 09. Key support is the prior resistance zone near $24. 20. A daily close below this level would challenge the breakout’s integrity and could see a retest of the 50% Fibonacci retracement near $21. 15. The path of least resistance remains upward, but the rally is extended and may need consolidation. DEXE’s rise is supported by sector-specific capital flows and a robust technical breakout, though it is now testing a key extension level. #DeXe Tops $29 as Capital Rotates into DeFi, DAO TokensBitcoin Price Rises to $63. 8k, Strategy Inc. Sells 3,588 BTCOlu AnisereOlu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development. He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory. Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions. His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set. His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers. Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.