$DYDX - Price analysis request:
Is the token facing a huge supply problem? 👀
Bearish price action daily & weekly.
The last weekly closed below the 2 main supports (1.150 & 1.00$) ⚠️
Let's take a shorter-term view and try to be positive:
-Daily --> Bullish div RSI📈
-Daily --> Bullish pattern [reversal] & possible double bottom on the 0.840$ 📈
-In the short term ([H1] view), it is highly likely that the price will retest the $1.00 resistance zone📈
➡️To resume:
Keep an eye on the daily pattern and the $0.840 support.
The price could rise again, but this is highly uncertain as the trend is very bearish and all the major supports have been broken!⚠️
