$DYDX has risen 3.404% in the past 24 hours, with a high of 0.6699 and a low of 0.6416, reflecting a solid bullish impulse within an overall uptrend. The price is currently testing the upper Bollinger Band at 0.6684, indicating potential overextension; caution is warranted. Key support remains at 0.6173, while robust resistance at 0.6699 could attract selling pressure. Despite an undefined correlation with Bitcoin, overall positive market sentiment may still influence confidence. Traders should adopt a short-term approach, capitalizing on momentum while being mindful of volatility. Notably, staying updated on macroeconomic factors, including inflation and regulatory dynamics, remains crucial for strategic positioning.
