DeXe Token Sees 27% Rebound Amid Ongoing DeFi Instability

The DeXe token has rebounded by nearly 27% following a sharp decline triggered by a wave of DeFi hacks, which drove sector-wide volatility and heightened risk aversion among investors.

Despite today's rally, the token remains well below its 20-, 50-, and 200-day moving averages, indicating strong resistance and continued downside pressure.

The recent sell-off erased months of prior gains for DeXe, with the token now trading in a consolidation phase amid broader DeFi instability.

Technical signals remain bearish, with momentum indicators showing downside momentum and a high probability of further decline, currently at 79%.