$DYDX /USDT Weak Below MAs — Bearish Pressure Mounts
DYDX is trading at $0.5389 (+0.32%), showing limited recovery after hitting a 24h low of $0.5200. Price remains well below key moving averages, suggesting continued downside bias:
MA(7): $0.5669
MA(25): $0.6206
MA(99): $0.5890
Technical View:
Price is struggling beneath the $0.54–$0.57 zone, with no bullish crossover in sight.
If $0.52 fails to hold, the next downside targets are $0.465 and $0.41, with major support forming around $0.398.
A move above $0.57 (MA-7) could trigger a bounce toward $0.60–$0.62, but that would require a volume surge.
MACD and RSI suggest oversold conditions, but momentum still favors sellers unless price closes above short-term resistance.
Bearish trend persists unless DYDX can reclaim and hold above $0.57. Stay cautious on long positions until that level flips.