$DYDX has seen a price decline of 4.52% in the past 24 hours, with a trading range between 0.5047 and 0.4771.
The current price is testing the support level at 0.4771, which may be crucial for preventing further declines.
Conversely, the resistance level sits at 0.5029, where rejection could trigger more selling pressure.
The RSI at 40.84 suggests that DYDX is approaching oversold conditions, potentially indicating a reversal.
Overall market sentiment appears undefined, leaving traders cautious amid recent price volatility.
Monitoring upcoming market news will be essential for anticipating significant price movements.
