dYdX Price Prediction: DYDX Breaking Resistance and Heading Higher

dYdX Price Prediction: Bullish Momentum Expected as DYDX Heads to the North

The dYdX price prediction suggests that DYDX is likely to break above the $2.00 resistance level and move towards the channel. Here are the key points to note:

– dYdX is currently trading at $2.10 with a market cap of $334.1 million.
– The circulating supply of dYdX is 156.2 million, with a total supply of 1 billion.
– DYDX is ranked #93 on Coinmarketcap.

DYDX/USD Market

– Resistance levels: $2.50, $2.60, $2.70
– Support levels: $1.70, $1.60, $1.50
– DYDX/USD is trading above the 9-day and 21-day moving averages, indicating a bullish movement.
– If the price falls below the lower boundary of the channel, sellers may return to the market, but the bulls are expected to buy the dips.

dYdX Price Prediction: DYDX Heads to the North

– To maintain the upward movement, dYdX needs to hold above the $2.14 resistance level.
– The Relative Strength Index (14) is likely to cross above the 60-level, indicating more buyers entering the market.
– If the 9-day MA crosses above the 21-day MA, the price could reach resistance levels at $2.50, $2.60, and $2.70.
– In case of a bearish drop, the support levels to watch are $1.70, $1.60, and $1.50.

DYDX/BTC Creates Additional Gains

– Against Bitcoin, DYDX is trading above the 9-day and 21-day moving averages.
– The Relative Strength Index (14) suggests more uptrends in the future.
– The potential resistance level is at 8700 SAT, while the support level is at 6800 SAT.

Alternatives to dYdX

– DYDX/USD is currently trading at $2.14 with a bullish movement.
– The token presale has raised over $25 million, indicating strong investor interest.
– Wall Street Memes, the platform behind DYDX, is launching an exchange in the next few weeks.

Hot Take

The dYdX price prediction indicates a bullish momentum for DYDX. With the coin trading above key moving averages and the potential for higher resistance levels, it seems likely that the price will continue to rise. Investors should keep an eye on the support and resistance levels mentioned to make informed trading decisions. Additionally, the success of the DYDX token presale and the upcoming exchange launch by Wall Street Memes further adds to the positive sentiment around the project.