DEXE Technical Analysis Feb 19

The MACD histogram on DEXE shows positive values indicating bullish momentum, while RSI is balancing in the neutral zone at the 41 level and heralds the formation of a potential base against the short-term downtrend. If the price trading below EMA20 is supported by volume confirmation, recovery signals could strengthen.

Trend Status and Momentum Analysis

DEXE is trading at the 2.26 dollar level as of February 19, 2026, with a 3.42% decline over the last 24 hours, keeping the daily range limited between 2.22-2.38 dollars. Volume is at a moderate level of 2.18 million dollars, while the overall trend direction continues downward. However, momentum indicators are giving mixed signals: The short-term Supertrend is in bearish position and short-term bearish pressure dominates as the price remains below EMA20 (2.39 dollars). Nevertheless, momentum oscillators, especially the MACD with its positive histogram, exhibit a bullish internal dynamic. This situation indicates that the downtrend is weakening and signals a potential momentum shift. In multiple timeframes (MTF), 9 strong levels have been identified: 1 support/2 resistances on 1D, 1 support/1 resistance on 3D, and 2 supports/2 resistances configuration on 1W, with the market in an unbalanced consolidation process. Main support at 2.2280 dollars (strength score 65/100), resistances at 2.2649 dollars (73/100) and higher at 4.6516 dollars (67/100). In terms of momentum, the bearish target of 0.4384 dollars (score 22) appears more likely, while the bullish target of 3.3990 dollars (score 15) remains low probability. Volume does not fully confirm the decline; this suggests momentum is approaching exhaustion.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently positioned at 41.06, indicating the neutral zone but showing a structure approaching oversold (below 30). No regular bearish divergence is observed on the daily chart; while price makes new lows, RSI does not form lower lows, indicating weak selling momentum. Hidden bullish divergence potential exists: Despite price decline, RSI has stabilized in the 35-45 band, implying a hidden base formation. On the weekly timeframe, RSI is moving horizontally around 40, confirming reduced long-term selling pressure. When compared with Stochastic for divergence confluence, the %K line shows a tendency to cross above %D, strengthening RSI’s supportive role. Overall, RSI is not giving a sell signal; on the contrary, we can expect a recovery toward the 50 level if accompanied by volume increase.

Overbought/Oversold Regions

RSI at 41 is far from overbought (above 70) regions, with a slightly oversold tendency. This level can be interpreted as a zone where aggressive selling has exhausted. Historically, after RSI levels below 40 on DEXE, recoveries were observed instead of average 15% pullbacks. In the current configuration, if the 2.2280 support holds, RSI could quickly rise to 50, increasing momentum confluence.

MACD Signals and Histogram Dynamics

MACD is giving the strongest momentum signal: The histogram is expanding with positive values, confirming bullish momentum. The signal line has potential to cross above the MACD line from below, which is close to forming on the daily chart. The size of histogram bars has increased over the last 3 days, showing underlying buying strength despite the downtrend. This is a classic bullish divergence: MACD histogram has turned positive while price declines. If it maintains above the zero line, a medium-term trend change could be triggered. MACD expansion supported by volume increases the probability of testing the 2.2649 resistance. In a bearish scenario, if the histogram narrows, the signal line crossover could turn downward and support loss could accelerate.

EMA Systems and Trend Strength

Short-Term EMAs

With price below EMA20 (2.39 dollars), the short-term trend is bearish. There is contraction between EMA10 and EMA20, with ribbon squeeze signaling a potential momentum breakout. If price crosses above EMA20, short-term bullish confirmation occurs and the 2.38 daily high is tested.

Medium/Long-Term EMA Supports

EMA50 (around 2.45 dollars) and EMA200 (around 3.10 dollars) stand as strong resistances. Ribbon dynamics are downward sloping but slowing; medium-term EMAs are flattening, indicating reduced trend strength. If long-term support EMA200 holds without breaking, momentum recovery is likely. In MTF, EMA confluence overlaps with 1W supports.

Bitcoin Correlation

Bitcoin is in a downtrend at 66,892 dollars with a 1.81% decline, Supertrend bearish and main supports in the 65,143-62,910 dollar band. BTC dominance increase creates pressure on altcoins; since DEXE is highly correlated with BTC (0.85+), additional selling could come to DEXE if BTC fails to break 67,976 resistance. Conversely, if BTC holds 65,143 support, momentum recovery is expected for DEXE Spot Analysis and DEXE Futures Analysis. BTC key levels: Support 60,000 dollars, resistance 70,626 dollars – DEXE traders should monitor these levels.

Momentum Outcome and Expectations

Momentum indicators on DEXE are mixed but bullish leaning: MACD positive histogram takes the forefront, while RSI neutral base and EMA ribbon squeeze signal potential breakout. If volume confirmation does not arrive, consolidation extends, but with divergence confluence, the 2.2649 resistance can be targeted. On the bearish side, BTC downtrend could trigger support loss. Overall outlook is neutral-bullish; if momentum strength increases, upward movements dominate. Market is volatile; MTF levels will play a critical role. (Word count: 1024)