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DEXE token hits $24 after 34% rally fueled by short squeeze, but profit-taking may push price down soon.

Technical Signals
03 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

DEXE, the native token of DeXe protocol, surged 34% to a new yearly high of $24.3, driven by a short squeeze targeting leveraged shorts between $21 and $24.5. The rally also saw spot accumulation as more tokens left exchanges, indicating strong buying interest. However, the price hit a key resistance level from 2025, prompting sellers to enter and causing a price pullback to around $21.25. If the price fails to hold above $18, a further decline to $12-$14 is possible due to potential long squeezes at those levels. Overall, DEXE has gained over 1200% in 2026 but faces profit-taking pressure near the $24 peak.

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