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- 1 The Bone crypto has been holding higher for the last couple of sessions above the 50-Day EMA.
- 2 The DEXTools crypto was at $0.81, recording a negative development of 1.32%.
The DEXTools crypto is holding higher for the last couple of sessions indicating early signs of a breakout. Both the bulls and bears are holding firmly on the lower and upper side thus allowing very less free zone for the price to move, highlighting consolidation.
The bulls are active near the 50-Day EMA which is acting as a dynamic support and preventing the price from sinking lower. On the other side, the sellers are holding at the recent supply zone and the round level of $0.85.
Furthermore, the zone is contracting and getting closer to the trigger point where either of the bulls and bears have to square off their positions where the price may experience a sharp rally.
Looking at that price movement in the last couple of weeks, it is observed that the DEXT cryptocurrency maintained a positive outlook earlier and kept on rising forming higher highs and higher lows.
Recently, a sharp fall was noted on the charts in the recent sessions from a round level of $0.95 level and the price dropped below the 20-Day EMA. However, the crypto made a sharp recovery after sinking below the 50-Day EMA indicating the presence of buyers at the lower levels.
DEXTools Crypto Price Action Analysis in The Short Term.
DEXTools crypto price underwent a short term consolidation phase near the recent swing high, and is probably preparing for a bullish breakout. Now, a breakout on the upside may align the short term trend along with the long term trend and the price action may produce an upward trajectory.
Fresh upside moves may be observed on the chart if the crypto breaks above the recent swing high of $0.85.
Whereas, if the crypto breaks on the lower side, it may lead to a short term correction in the price. It may create volatility as the buyers are still active at the lower levels.
DEXT Crypto Technical Analysis
From a technical perspective, the DEXT crypto trades higher than the 20, 50 and 200-Day EMA, suggesting the continuation of the short-term bullish outlook.
DEXTools Price Prediction for February 2024
The positive view of analysts predicts an upside potential of over 19.9% by February end after the breakout of the consolidation, it could take the DEXTools price near the round level of $1 mark.
On the other hand, the bearish view of analysts predicts that the price could drop near the $0.668 level if it breaks below the 50 day EMA.
DEXTools Price Prediction for 2024
The price prediction for 2024 shows that DEXTools crypto may advance to a high of $1.47 by the end of 2024. The less optimistic analysts estimate a price target of $1.13 by the end of the year.
DEXTools Price Prediction for 2025
As per the most positive view of our analysts, the price may hit the $1.90 mark, suggesting an upside potential of 134.8% by 2025. The pessimistic view is that the price could reach $1.421 by the end of the financial year 2025.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
