🔎 $DYDX Price Analysis
Currently directionless, with clear lack of buy pressure.Long-term: Price is still moving inside a daily bearish channel.
🔸 Bullish setup: Price must hold above the critical $0.500 support zone (yellow) to keep any bullish hopes alive.
Immediate support to watch: $0.4950, losing this could break momentum.
🕳️ Bottom forming?On H4, $DYDX is shaping up a falling wedge, with a potential bottom at the $0.5200 area. If confirmed, a pump towards the top of the daily channel is possible.
🟢 For a true trend shift, bulls need a weekly close above $0.7050 to confirm HTF reversal!
All possible setups & key chart levels mapped out in my latest chart. #dyor
Stay patient and set alerts on those crucial areas!
