Quick Drop in DEXE/USDT Signals Short-term Bearish Trend

I'm observing a sharp decline in the DEXE/USDT trading pair with a decrease of 3.62%, dropping from ₮7.706 to ₮7.427 within just about 10 seconds. This rapid dump reflects significant short-term selling pressure, possibly triggered by market downturns or profit-taking activities. The trading volume over the past 24 hours stands at 4.48 million, with recent volume in the last three minutes at 358,000, indicating active trading and interest even amid the price drop. Such quick and steep declines often suggest high volatility and could be symptomatic of broader market shocks or negative sentiment towards DEXE. From a technical analysis perspective, traders should watch for potential support levels around the 7.427 mark or lower, and consider whether this downside move might be part of a larger correction or a temporary liquidity sweep. Investors must stay cautious in such volatile conditions and avoid panic-selling, but also recognize the risk of further declines if the trend continues. Overall, this sudden dump signals caution for short-term traders. The market sentiment appears bearish in the immediate term, and careful monitoring of volume and support levels is necessary before considering any long positions. It's crucial to wait for clearer signs of stabilization or reversal before re-entering riskier trades on DEXE.