$DYDX

/USDT Technical Analysis

Current Price: $1.4671 (+1.14%)

24h High: $1.4711 | 24h Low: $1.2401

Volume: 20.56M DYDX / 27.72M USDT

Technical Outlook:

DYDX is showing bullish momentum as it moves towards critical resistance levels. Here's a breakdown of the three targets:

🎯 Target 1: $1.4800

The first key resistance level. If DYDX breaks this, expect increased buying pressure.

🎯 Target 2: $1.5000

A psychological barrier and a key area for profit-taking. Momentum above this may confirm further strength.

🎯 Target 3: $1.5400

A higher resistance level, reflecting an extended rally. Watch for volume surges to confirm a breakout.

Support Levels:

In case of a retracement, strong supports are at $1.4200 and $1.4000.

Trend Analysis:

Short-term: Bullish

Medium-term: Testing resistance zones

DeFi activity is influencing DYDX's growth on Binance.

Trade cautiously and watch key levels to capitalize on market movements.

What are your thoughts on DYDX’s next move? Let us know!