Foreign media reports that profit-taking emerged in the crypto market after the rebound momentum slowed, with Bitcoin currently trading at around $63,500 and Ethereum at around $1,730. Total market capitalization fell back to $2.18 trillion, and the Fear & Greed Index remained at 22. The article argues that ETF outflows and long liquidation continue to suppress risk appetite, but some funds are beginning to flow into more volatile altcoins.
DEXE shows increased volume and strength.
The article states that DEXE has surged nearly 62% in the past 24 hours, reaching a high of $23.34, and is currently trading around $22. The token had previously rebounded from below $14, with trading volume increasing by over 430% during the same period, indicating significant short-term speculative activity.
The author believes that DEXE has entered a resistance zone where it has encountered resistance multiple times this month. If it continues to hold above $21.9 to $22.7, the price may further test the $28 to $30 range. If it encounters resistance at higher levels, the trend may return to range-bound consolidation.
- 24-hour increase: approximately 62%
- Intraday high: $23.34
- Trading volume increased by over 430%.
Humanity is still recovering from the decline.
In contrast, Humanity experienced a significant pullback after its initial rapid rise. The article mentions that the token surged by approximately 300% in May, but subsequently underwent a deep correction of over 82%, falling another 25% in the latest trading day, essentially erasing all previous gains.
Although prices rebounded near key support levels and some momentum indicators suggest a recovery in buying interest, the article argues that Humanity has not yet effectively broken through the resistance zone of $0.193 to $0.200. Without a significant increase in trading volume, it is more likely to maintain low-level consolidation in the short term.
- May's price increase: approximately 300%
- Subsequent maximum drawdown: Over 82%
- Key resistance zone: $0.193 to $0.200
The market remains fragile.
The article argues that the market is not yet out of its fragile state. While Bitcoin and Ethereum have stabilized temporarily, overall buying confidence remains weak, and any new outflows of funds or increased liquidations could amplify volatility again.
Against this backdrop, funds are more inclined to chase after locally strong tokens. DEXE has become the short-term focus due to its surge in trading volume, while Humanity is still in the recovery phase after its previous sharp decline. The divergence in their performance reflects the rapid rotation and lack of sustainability within the current altcoin market.
