Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • dYdX is down -4.14% today against the US Dollar

  • DYDX/BTC decreased by -3.31% today

  • DYDX/ETH decreased by -3.66% today

  • dYdX is currently trading 23.00% below our prediction on Apr 26, 2024

  • dYdX dropped -28.96% in the last month and is down -31.57% since 1 year ago

dYdX price $ 2.31 dYdX prediction $ 3.00 (30.04%) Sentiment Neutral Fear & Greed index 72 (Greed) Key support levels $ 2.30, $ 2.19, $ 2.13 Key resistance levels $ 2.46, $ 2.52, $ 2.63

DYDX price is expected to rise by 30.04% in the next 5 days according to our dYdX price prediction

dYdX price today is trading at $ 2.31 after losing -4.14% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -0.32% in the same time period. DYDX performed poorly against BTC today and recorded a -3.31% loss against the world’s largest cryptocurrency.

According to our dYdX price prediction, DYDX is expected to reach a price of $ 3.00 by Apr 26, 2024. This would represent a 30.04% price increase for DYDX in the next 5 days.

DYDX Price Prediction Chart

Buy/Sell dYdX

What has been going on with dYdX in the last 30 days

dYdX has been displaying a negative trend recently, as the coin lost -28.96% in the last 30-days. The medium-term trend for dYdX has been bearish, with DYDX dropping by -16.80% in the last 3 months. The long-term picture for dYdX has been negative, as DYDX is currently displaying a -31.57% 1-year price change. On this day last year, DYDX was trading at $ 3.37.

dYdX reached its all-time high price on Mar 07, 2024, when the price of DYDX peaked at $ 4.45. The current DYDX cycle high is $ 2.42, while the cycle low is at $ 1.69. DYDX has been displaying high volatility recently – the 1-month volatility of the coin is at 17.02. dYdX recorded 15 green days in the last 30 days.

dYdX technical analysis for today - Apr 21, 2024

The sentiment in the dYdX markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 2.30, $ 2.19 and $ 2.13, while $ 2.46, $ 2.52 and $ 2.63 are the key resistance levels.

Neutral sentiment for dYdX

11 indicators are currently signaling a bullish prediction for dYdX, while 9 indicators are showing a bearish forecast. With 55% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for dYdX.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

dYdX moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how dYdX is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 2.22 (BUY) $ 2.15 (BUY) - - MA5 $ 2.19 (BUY) $ 2.23 (BUY) - - MA10 $ 2.43 (SELL) $ 2.45 (SELL) - - MA21 $ 2.79 (SELL) $ 2.77 (SELL) - - MA50 $ 3.30 (SELL) $ 3.06 (SELL) - - MA100 $ 3.11 (SELL) $ 3.12 (SELL) - - MA200 - - - -

Period Value Action RSI (14) 41.18 NEUTRAL Stoch RSI (14) 95.29 SELL Stochastic Fast (14) 45.73 NEUTRAL Commodity Channel Index (20) -66.67 NEUTRAL Average Directional Index (14) 42.14 BUY Awesome Oscillator (5, 34) -0.80 NEUTRAL Momentum (10) -0.64 NEUTRAL MACD (12, 26) -0.02 NEUTRAL Williams Percent Range (14) -54.27 NEUTRAL Ultimate Oscillator (7, 14, 28) 64.87 NEUTRAL VWMA (10) 2.16 BUY Hull Moving Average (9) 2.18 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 2.70 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for dYdX is at 41.18, suggesting that DYDX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of dYdX over the last 50 days. Currently, dYdX is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the DYDX closing price for the last 200 days. DYDX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this dYdX prediction

After considering the above factors, we can conclude that the current forecast for dYdX price prediction is Neutral. DYDX would have to increase by 30.04% to hit our $ 3.00 target within the next five days. Moving forward, it will be important to monitor the DYDX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term dYdX price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.