Bullish DYDX price prediction for 2024 is $2.7696 to $4.5330.
dYdX (Native) (DYDX) price might reach $10 soon.
Bearish DYDX price prediction for 2024 is $0.8104.
In this dYdX (Native) (DYDX) price prediction for 2024, 2025-2030, we will analyze the price patterns of DYDX by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTDYDXN
dYdX (Native) (DYDX) Current Market Status
What is dYdX (Native) (DYDX)?
dYdX (Native) (DYDX) 24H Technicals
DYDX (NATIVE) (DYDX) PRICE PREDICTDYDXN 2024
dYdX (Native) (DYDX) Support and Resistance Levels
dYdX (Native) (DYDX) Price Prediction 2024 — RVOL, MA, and RSI
dYdX (Native) (DYDX) Price Prediction 2024 — ADX, RVI
Comparison of DYDX with BTC, ETH
DYDX (NATIVE) (DYDX) PRICE PREDICTDYDXN 2025, 2026-2030 CONCLUSDYDXN FAQ
dYdX (Native) (DYDX) Current Market Status
Current Price $2.12 24 – Hour Price Change 10.13% Down 24 – Hour Trading Volume $106.34M Market Cap $1.36B Circulating Supply 643.93M DYDX All – Time High $4.53 (On March 08, 2024) All – Time Low $0.80671 (On Sep 07, 2024)
DYDX Current Market Status (Source: CoinMarketCap) What is dYdX (Native) (DYDX) TICKER DYDX BLOCKCHAIN Etehreum CATEGORY Decentralized Trading LAUNCHED ON August 2021 UTILITIES Governance, Staking & rewards
dYdX (DYDX) is the native utility token of the decentralized dYdX trading platform, built on blockchain technology to enable advanced financial tools for crypto traders. dYdX offers features like perpetual contracts, margin trading, and spot trading with a non-custodial, decentralized structure, ensuring security and transparency. The DYDX token plays a key role in governance, allowing holders to vote on protocol upgrades and operational decisions. Additionally, it incentivizes participation through trading rewards, staking, and liquidity provisioning.
The platform is designed for scalability and performance, leveraging Layer-2 solutions such as StarkWare’s StarkEx to enhance transaction speed and reduce costs. This makes dYdX a preferred choice for traders seeking professional-grade tools in a decentralized ecosystem. DYDX’s value is also linked to its role in the protocol’s growth, aligning with the vision of decentralizing finance and empowering users globally.
dYdX (Native) (DYDX) 24H Technicals
(Source: TradingView)
dYdX (Native) (DYDX) Price Prediction 2024
dYdX (Native) (DYDX) ranks 89th on CoinMarketCap in terms of its market capitalization. The overview of the dYdX (Native) price prediction for 2024 is explained below with a daily time frame.
DYDX/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, dYdX (Native) (DYDX) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of dYdX (Native) (DYDX) was recorded at $2.12. If the pattern trend continues, then the price of DYDX might reach the resistance levels of $2.7140, and $9.2006. If the trend reverses, then the price of DYDX may fall to the support of $1.5058, and $0.8130.
dYdX (Native) (DYDX) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of dYdX (Native) (DYDX) in 2024.
DYDX/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of dYdX (Native) (DYDX) for 2024.
Resistance Level 1 $2.7696 Resistance Level 2 $4.5330 Support Level 1 $1.5065 Support Level 2 $0.8104
DYDX Resistance & Support Levels
dYdX (Native) (DYDX) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of dYdX (Native) (DYDX) are shown in the chart below.
DYDX/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current dYdX (Native) (DYDX) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $1.4526Price = $2.2171(50MA < Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 61.7806<30 = Oversold50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume
dYdX (Native) (DYDX) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of dYdX (Native) (DYDX) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
DYDX/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of dYdX (Native) (DYDX).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 47.7214 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 71.77<50 = Low>50 = High High volatility
Comparison of DYDX with BTC, ETH
Let us now compare the price movements of dYdX (Native) (DYDX with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs DYDX Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of DYDX is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of DYDX also increases or decreases respectively.
dYdX (Native) (DYDX) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of dYdX (Native) (DYDX) between 2025, 2026, 2027, 2028, 2029 and 2030.
Year Bullish Price Bearish Price dYdX (Native) (DYDX) Price Prediction 2025 $12 $0.8 dYdX (Native) (DYDX) Price Prediction 2026 $14 $0.7 dYdX (Native) (DYDX) Price Prediction 2027 $16 $0.6 dYdX (Native) (DYDX) Price Prediction 2028 $18 $0.5 dYdX (Native) (DYDX) Price Prediction 2029 $20 $0.4 dYdX (Native) (DYDX) Price Prediction 2030 $22 $0.3
Conclusion
If dYdX (Native) (DYDX) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish dYdX (Native) (DYDX) price prediction for 2024 is $4.5330. Comparatively, if unfavorable sentiment is triggered, the bearish dYdX (Native) (DYDX) price prediction for 2024 is $0.8104.
If the market momentum and investors’ sentiment positively elevate, then dYdX (Native) (DYDX) might hit $10. Furthermore, with future upgrades and advancements in the dYdX (Native) ecosystem, DYDX might surpass its current all-time high (ATH) of $0.1939, and mark its new ATH.
FAQ
1. What is dYdX (Native) (DYDX)?
dYdX (DYDX) is the native utility token of the decentralized dYdX trading platform, built on blockchain technology to enable advanced financial tools for crypto traders.
2. Where can you purchase dYdX (Native) (DYDX)?
dYdX (Native) (DYDX) has been listed on many crypto exchanges which include Binance, Coinbase, Kraken, OKX, Bybit, KuCoin, Gate.io, Bitifinex, dYdX Protocol, and Huobi.
3. Will dYdX (Native) (DYDX) reach a new ATH soon?
With the ongoing developments and upgrades within the dYdX (Native) Platform, DYDX has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of dYdX (Native) (DYDX)?
On March 08, 2024, dYdX (Native) (DYDX) reached its new all-time high (ATH) of $4.53.
5. What is the lowest price of dYdX (Native) (DYDX)?
According to CoinMarketCap, DYDX hit its all-time low (ATL) of $0.80671, on Sep 07, 2024.
6. Will dYdX (Native) (DYDX) reach $10?
If dYdX (Native) (DYDX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.
7. What will be dYdX (Native) (DYDX) price by 2025?
dYdX (Native) (DYDX) price is expected to reach $12 by 2025.
8. What will be dYdX (Native) (DYDX) price by 2026?
dYdX (Native) (DYDX) price is expected to reach $14 by 2026.
9. What will be dYdX (Native) (DYDX) price by 2027?
dYdX (Native) (DYDX) is expected to reach $16 by 2027.
10. What will be dYdX (Native) (DYDX) price by 2028?
dYdX (Native) (DYDX) is expected to reach $18 by 2028.
Top Crypto Predictions
Ethena (ENA) Price Prediction
Mina (MINA) Price Prediction
dogwifhat (WIF) Price Prediction
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
