🌀 $DYDX at $0.521 – Is the Dip Done or More to Drain? 📉🛑
$DYDX /USDT is now trading at $0.521, sitting at a critical support level after a consistent downtrend from the $0.60–$0.65 zone. The price has lost momentum, but it’s now entering a zone where short-term traders watch for mean reversion or dead-cat bounces.
If bulls hold the $0.50–$0.515 range, a temporary relief rally toward $0.545–$0.570 is possible. However, if DYDX loses $0.500, the next support lies much lower — around $0.460.
No major signs of reversal yet — but volume is shrinking, and candles are showing indecision, which often signals exhaustion in either direction.
📊 DYDX Technical Snapshot:
Current Price: $0.521
Support Range: $0.500 – $0.515
Resistance Zones: $0.545 → $0.570
Breakout Confirmation: $0.580+
Short-Term SL: Below $0.495
🧠 Strategy Note:
DYDX is not bullish yet, but it’s in a zone of opportunity for scalp traders looking for bounces from oversold zones. If $0.500 holds, we may see a quick snap back.
But without a strong push above $0.545+, expect more chop or bleed.
Best approach? Stay patient, let the chart confirm. Don’t chase green — react to volume.
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