Will DYDX Continue to Rise? Current analysis of DYDX!
Contents
- 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 |
Lucien Renard
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