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📉 DYDX/USDT: Technical Viewpoint This $DYDX chart is showing a clear bearish structure after a significant support break, while $BTC and $ETH continue to define the broader market trend. Detailed Analysis: 1. The Support-Resistance Flip: The most important feature on this daily chart is the breakdown below the ~$0.52 support line. This is a classic technical pattern where old support becomes new, heavy resistance. 2. The New Trading Range: Following the drop, $DYDX has entered a tight consolidation phase. The current boundaries are approximately ~$0.25 on the support side and ~$0.35 on the resistance side. 3. Major Supply Zone: The gray box (approx. $0.60 - $0.62) represents a significant area of overhead supply. Any rally attempting to reach this level will likely face strong selling pressure. Outlook: From a neutral perspective, the path of least resistance remains to the downside. The trend is bearish until $DYDX can decisively reclaim the $0.52 level. A break below $0.25 would confirm trend continuation. A break above $0.35 would only be a minor, short-term bullish signal.

I’m planning to buy $DYDX now, and here’s why. $DYDX has formed a strong support around $0.2860 and is now showing signs of going up on the 1-hour chart. The breakout candle is strong, trading volume is increasing, and momentum looks good. This kind of setup can often lead to quick upward moves. You can place your buy orders in the entry range before the next upward move starts. A confirmed reversal like this can give fast profits. $DYDX Trade Plan: Buy Zone: $0.3150 – $0.3220 Target 1: $0.3400 Target 2: $0.3550 Target 3: $0.3700 Stop Loss: $0.3090

$DYDX Get in guys before it is too late

dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue