here is a short technical analysis:
Technical Breakdown
Trend: The price is in a strong short-term bullish recovery, gaining +11.01% in the last 24 hours. It has broken above the previous consolidation zone near $0.098.
Momentum: The recent candles show high buying volume (green bars), pushing the price toward the local resistance at $0.10941.
Support/Resistance: * Immediate Resistance: $0.1100 (Psychological) and $0.1110.
Immediate Support: $0.1020 (Previous breakout level).
Major Support: $0.0970 (Recent floor).
Next Movements
Bullish Scenario: If DYDX breaks and closes a 4H candle above $0.1095, expect a continuation toward $0.1150 - $0.1200.
Correction Scenario: After such a sharp move, a "retest" is common. The price may dip back to the $0.1020 - $0.1030 range to gather liquidity before moving higher.
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