DYDX looks like it was mercilessly dumped after the hype, and now it's just crawling along the bottom looking for a new life. Current price $1.0571, change per day +0.43% – almost no movement.


What does technical analysis say?


  • MA(7) = 1.1923, MA(25) = 2.1326 – the price is significantly below these average values, indicating a bearish trend.

  • RSI(6) = 35.89 – may be about to enter the oversold zone, but not there yet.

  • Stoch RSI (K: 15.94, D: 15.93) – indicates that DYDX is almost at the bottom, a potential signal for a rebound.


Conclusion


DYDX looks weak, but in a zone where a rebound is possible. If you have patience, you can catch around $1.00 with a short stop. But globally the chart is bearish so far.

$1INCH $DYDX $SUSHI

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