The $DYDX /USDT chart indicates a prolonged downtrend after
peaking at $2.72, followed by a significant price decline to $0.56. Currently, the price is hovering around $0.78, attempting to stabilize near the lower Bollinger Band.
What’s Next for DYDX?
1️⃣ Downtrend Exhaustion?
The price has consistently tested lower levels, and Bollinger Bands suggest reduced volatility. A potential reversal could be forming.
2️⃣ Breakout Potential?
If DYDX manages to break above the downtrend resistance, a move toward $0.93 - $1.00 is likely. Confirmation with increased volume would strengthen bullish momentum.
3️⃣ Caution on Further Decline
If it fails to break resistance, a retest of $0.56 is possible before any meaningful recovery.
Strategy & Outlook
Bullish case: A confirmed breakout above $0.80 - $0.85 could trigger a rally.
Bearish case: If rejection occurs, support at $0.70 - $0.56 will be crucial.
DYDX is at a key decision point—watch closely for the next big move! 🚀
