DEX governance token hovers at $5.50, breaking through $6.00 could signal a reversal

2026-01-14 11:40:09

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【Crypto World】The governance token of a leading DEX has been oscillating around $5.50. After a period of sustained adjustment, signs of stabilization have finally appeared. Although it is still below key moving averages, on-chain data shows that trading activity remains strong — last week’s trading fee revenue alone reached $6.1 million.

From a technical perspective, selling pressure is gradually easing. Once it breaks through the $5.80 threshold and pushes towards the $6.00 resistance zone, it could be a short-term trend reversal signal. The current question is not whether it can rise, but when it will break through. On-chain activity remains high, indicating that market participants have not completely given up.

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RamenStacker

· 7h ago

6.1 million in trading fees are still piled up here, indicating that the damn selling pressure isn't that fierce at all. It's just waiting for the day when a big bullish candle gives us an opportunity.

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CryptoCrazyGF

· 7h ago

$6.1 million in trading fees are still holding on, indicating that no one has really run away, just waiting for the moment of breakdown.

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LiquidatedThrice

· 7h ago

$61 million in transaction fees are still burning money; this data shows some people haven't run yet. Breaking 5.80 is what we need to see; it's too early to say it's reversing now. High on-chain activity means it will go up? I don't think so; maybe it's just bagholders messing around. Breaking through $6, let's wait and see, no need to rush. Trying to trick us into buying the dip again? What about me being trapped last time?

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SerumSurfer

· 7h ago

Bro, this 5.5 has been repeatedly testing the bottom, and I'm getting a bit anxious watching it. We'll have to wait until it breaks 6 dollars, but the high on-chain activity indicates no one is running away. I'm still optimistic. The 6.1 million in transaction fee revenue is right there; this data doesn't lie. It all depends on who gives up and dumps first.

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SigmaBrain

· 7h ago

The $6.1 million trading fee is still burning, indicating that people are still playing. As long as it's not a dead coin, it's fine. Is breaking through $6 really that difficult? It feels like we've been stuck here for a long time. On-chain activity is holding up; it all depends on when someone is willing to step in and push past $6. $5.8 is just an illusion; the key is when the main players will move. Reversal signals? Let's talk after breaking $5.8. Right now, it's just a scam to get me to buy in.

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WhaleWatcher

· 7h ago

$6.1 million in trading fees are still there, indicating that no one is truly bearish, just waiting to break 6.

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LeverageAddict

· 7h ago

The $6.1 million in fees is still circulating, indicating that this thing is still alive. Don't be fooled by the poor price performance; on-chain popularity is the real key. Breaking through $6 to reverse? I think it still depends on when the main players move. Anyway, I'm holding tight. After such a long period of $5.5 fluctuations, either accumulation or deception, but I bet it will break upward. If the price really hits $6, I will add to my position directly. I don't believe it can drop further. Let's wait for the breakthrough. Anyway, fee income is still rising, which means users haven't left. I'm not afraid of this at all.

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