DEXTools serves as a comprehensive platform for traders, providing insights into decentralized markets by consolidating blockchain data into a single user-friendly interface. This integration allows traders to monitor their transactions, investments, and the wider cryptocurrency market landscape with clarity.

The platform's unique token, DEXT, enables access to exclusive app features through direct ownership or a monthly subscription. It also provides entry to elite trading groups and supports community-driven initiatives like DEXT Force Ventures.

Launched in June 2020 in a public beta phase, DEXTools initially released 200 million DEXT tokens. To reduce the supply, the team burned 50 million tokens allocated for themselves, adjusting the total supply to 150 million DEXT. Additionally, to enhance its deflationary aspect, the DEXTools team commits to burning 10% of tokens received from subscription payments monthly, resulting in a circulating supply of 100 million DEXT tokens.

Technical Analysis of DEXTools Price

The DEXTools (DEXT) cryptocurrency price is currently experiencing a bearish trend, showing consistent bearish movements in recent sessions. It is struggling to sustain gains above key moving averages and is trending downwards, with an 8.75% decline this month, indicating bearish sentiment in recent trading sessions.

At the moment, the DEXTools crypto (DEXT) price is at $0.8334, with a 0.77% intraday loss, signaling bearishness on the charts. It has a monthly negative return of 8.75% and a weekly decline of 2.67%, with a market cap of $67.77 million. Indicators suggest a bearish outlook, predicting lower price levels in the near future.

DEXTools Crypto Price vs Volume Analysis

Analyzing the price and volume graphs, there has been a slight decrease in trading volume since the beginning of the month, correlating with a decline in price. Over the last three days, trading volume dropped by over 50%, accompanied by a slight price decrease. A further decline in trading volume could push the price below the trendline.

DEXTools Crypto Social Dominance vs Social Volume

Examining the social dominance and social volume chart reveals a consistent decrease over the past few months, negatively impacting the price. The momentum of the DEXTools price may hinge on changes in social dominance and volume dominance.

Conclusion:

In conclusion, the current bearish trend of DEXTools (DEXT) cryptocurrency is evident through its price falling below key moving averages and a general weakness in recent trading sessions. Technical analysis indicates a sustained bearish outlook for DEXT, with decreasing price and trading volume, alongside a decline in social dominance and volume, potentially influencing future price movements.