Will DYDX Continue to Rise? Current analysis of DYDX!

  • DYDX experienced a rise of more than 6% today
  • Where are DYDX’s critical support and resistance levels?
  • Will DYDX continue to rise?

Where are DYDX’s important resistance and support levels? What can DYDX investors expect? Will DYDX continue to rise? Current DYDX Price Analysis!

Medium-Term DYDX Price Analysis!

8 Hour DYDX Price Chart Source: TradingView

When we examine the current price chart of DYDX, it is moving close to the important resistance level of $3,065. If the DYDX price makes a daily candlestick close above the $3,065 resistance level, it can continue its upward movement.

If the DYDX price cannot make daily candlestick closes above the red area mentioned in the analysis, it can realize its downward movement towards the nearest support level of $2.77.

If DYDX holds onto its strong support level of $2.77, it can start its upward movement from this support level again and break its resistance at the $3,065 level.

If the DYDX price performs horizontal movements above the resistance level, the probability of breaking the resistance level and moving upwards increases.

Strong Support and Resistance Levels!

Support Levels $2.775 – $2.628
Resistance Levels $3.065 – $3.32
Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Arizona Set to Become First U.S. State to Mandate Public Funds Invest in Bitcoin

On April 29th, COINOTAG reported that the Arizona Strategic...

S&P 500 Closes 0.1% Higher, Nasdaq Unchanged

S&P 500 Closes 0.1% Higher, Nasdaq Unchanged

Bitcoin Futures Open Interest Reaches $63.24 Billion: CME and Binance Lead the Market

As of April 29th, COINOTAG News reports that the...

Arizona House Set to Vote on Crucial Bitcoin Reserve Bills SB1373 and SB1025 Today

In a pivotal development for cryptocurrency regulation, the Arizona...

Whale Switches to Long Position: Acquires 3,974 ETH with $7 Million USDC Investment

In a recent report from COINOTAG, significant movements within...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img