Why is DeXe (DEXE) down 1.98% Today, July 21? The AI-Governance Rally Is Losing Momentum

DEXE is consolidating after a sharp, narrative-driven July rally, underperforming a broadly firmer crypto tape. No dated official catalyst was identified, suggesting the pullback reflects profit-taking and fading AI-governance momentum rather than new demand. Medium-term structure remains above key longer-term moving averages, but near-term trend repair requires reclaiming prior resistance and sustaining volume; concentrated holder distribution increases volatility sensitivity.