I'm interested in this one but currently the price is 2.26 and I won't buy, why buy at 2.7 US, my friend?

Price update for $DYDX on December 12, 2024 🌐📊

Current price: DYDX (the native token of the decentralized exchange dYdX) is currently trading at $2.3, with a market capitalization ranked 86, reaching approximately $1.5B. The trading volume in the last 24 hours exceeded $120 million USD, indicating that investor interest remains stable.

On-chain analysis 📈🔎
• Whale activity: Observations from large wallets on-chain show that whales are increasingly accumulating at price levels from $1.0 - $1.4, especially in recent transactions. However, there has been no significant sell-off from whale wallets, implying potential for medium-term price appreciation.
• Cash flow: Cash flow into DYDX from new wallets has slightly increased, reflecting interest from retail investors.

Technical analysis 📉📊
1. RSI indicator: Currently at 55, positioned in the neutral zone but showing a slight upward trend, suggesting buying pressure is dominant.
2. MA line: DYDX price is currently above the MA50 ($2.65) but below the MA200 ($2.90). This indicates a short-term upward trend but still needs to break through the MA200 level to confirm a long-term uptrend.
3. Candlestick pattern: Recent candles have formed an “inside bar” pattern, signaling the potential for a continuation of the upward trend if the resistance zone is broken.

Medium-term assessment 🛠️💡
• DYDX is in an accumulation phase and has the potential for price increase if it surpasses the key resistance level of $2.9.
• Investment recommendation: Investors may consider opening a small position if the price maintains above $2.7 and gradually increases when confirming a breakthrough through $2.9. However, careful risk management is needed in case of significant market volatility.