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- 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.
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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.
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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 |
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