DYDX is ready to go, aiming at $11, and its 10x potential is revealed

As leading coins such as Bitcoin and Ethereum rebound vigorously, the altcoin market is in turmoil again. DYDX leads the trend with a strong attitude, indicating that a high-energy bull market is about to dawn, and traders' FOMO sentiment is getting stronger. Looking forward to 2024, can DYDX stage a 10x myth?

In-depth technical analysis: DYDX shows a descending channel pattern on the daily chart, with a drop of 78%, ranging from $4.37 to $0.90. At present, DYDX is showing a strong rebound momentum and is approaching the upper resistance line. In the past 11 days, DYDX has soared 20% and returned to above $1. The current price is $1.123, with a daily increase of 0.78%.

Key indicators revealed:

RSI: The RSI line on the daily chart continues to rise, and is about to break through the 50% key level. It rebounds strongly from the oversold zone, and the demand growth signal is clear.

MACD: MACD and signal line are moving up synchronously, accompanied by a strongly bullish histogram, and the momentum indicator supports the upward trend of DYDX.

Future Outlook: Although DYDX faces the dual test of Fibonacci 23.6% resistance and the downward trend line, once it breaks through, it will trigger a strong reversal and point directly to the $4.50 mark. At this moment, it is the perfect time to lay out DYDX and enjoy a ten-fold feast!

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