dYdX Urgent Update! 🚨 Descending Channel Breakout Incoming? 🛑
dYdX ($DYDX) is currently forming a descending channel on the daily chart 💁♂️. The price is trading near a key support zone and descending resistance, creating a prime buying opportunity for spot traders 👨💻.
If the resistance is breached, expect bullish moves toward the following targets:
🔸 First target: $1.20
🔸 Second target: $1.48
🔸 Final target: $2.22 🎯
This could be the perfect time to enter if you're looking for a strong rally! 📈 Keep an eye on the breakout!
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