One of the most popular decentralized crypto exchanges is DYDX, whose token is now very cheap.
This exchange is in the TOP 5 in terms of trading volume and periodically falls into the TOP 2.
The project has rolled out a roadmap for 2024, with plans for this year to make a more convenient user interface, add new trading functions and improve the operation of the exchange as a whole.
The DYDX exchange token has become attractive for purchases in the medium term and now you need to buy this coin for your investment portfolios.
🕯 Technical analysis
The coin was released to exchanges at the peak of the 2021 bull market.
Over these 4 years, the coin is still trading below the listing price. Moreover, over the past 7 months, the price was higher than the listing price.
The price is moving within the medium-term ascending channel and now the price is at the lower border of this channel.
Below is the key level for the profile volume, where there was the highest demand for the coin.
The indicators are already almost in the oversold zone on higher timeframes, and on smaller timeframes the coin is very oversold.
✔️ You should definitely take the coin considering that now the prices are 8 months ago.
Potential medium-term growth targets: $4.95 $5.79 $6.92
In theory, the price could still fall significantly, but it is important to understand that the coin is trading almost near the historical bottom.
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