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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoin-dydx-gears-up-for-potential-price-surge/" data-wpel-link="internal">Altcoin dYdX Gears Up for Potential Price Surge</a> 
<a href="https://coin-turk.com/1-ayda-yuzde-1046-yukselen-altcoin-icin-kritik-uyari" data-wpel-link="internal">Altcoin</a> dYdX (DYDX) price is currently undergoing a very important phase, aiming to solidify previous significant resistance levels as strong support areas and preparing the ground for a potential increase in value. This represents a critical moment for the dYdX investor. The upward direction of the price is already exciting the cryptocurrency’s investors. So, what’s next for dYdX? 
<h2 style="text-align: justify" id="altcoin-dydx-weekly-outlook">Altcoin dYdX Weekly Outlook</h2> 
<a href="https://coin-turk.com/son-dakika-beklenen-veri-geldi-kripto-paralarda-calkantiya-neden-olabilir" data-wpel-link="internal">Cryptocurrency</a> dYdX (DYDX), witnessed a recovery from the support region at $2.30, indicated by a green arrow, during the week of January 8 to January 14, 2024. This recovery not only created a higher low but also signaled a significant shift in market sentiment from selling on rallies to buying on dips. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-324052 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/dydx-coin-turk-com-.jpg" alt="" width="1258" height="565"> 
Moreover, the ongoing upward momentum has pushed the price beyond the critical resistance barrier of $3.40 from the previous week. The price is currently in the process of confirming this area as a solid support level, as indicated by a yellow arrow. 
The Weekly Relative Strength Index (RSI) has shown a sharp rise from the 50 level, reinforcing DYDX’s successful recovery from the $3.40 region. If this trend continues, there is a notable potential for a 74.28% rise, which could steer the price towards the next significant resistance zone at $7. 
<h2 style="text-align: justify" id="possibility-of-reaching-7">Possibility of Reaching $7</h2> 
<a href="https://en.coin-turk.com/bitcoin-price-drops-below-40000-amid-market-uncertainty/" data-wpel-link="internal">Cryptocurrency</a> DYDX convincingly surpassed the short-term horizontal resistance threshold of $3.50 and confirmed it as a solid support level, as indicated by a green arrow in the chart, signaling the end of the price decline from the recent high of $4.37 and positioning the <a href="https://coin-turk.com/piyasadaki-dusus-egilimine-meydan-okuyan-bu-altcoin-guclu-bir-yukselis-ivmesi-yakaladi-2" data-wpel-link="internal">altcoin</a> DYDX for a new rally. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-324054 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/dydx-kripto-coin-turk-com-.png" alt="" width="1232" height="559"> 
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The Daily RSI has entered the overbought zone and is showing an upward slope, indicating a dominance of bullish sentiment in the market. Consequently, there is a strong possibility for the cryptocurrency DYDX to surpass its annual peak of $4.37 and target the adjacent horizontal resistance area at $5.10. 
All signs are pointing to an upward trajectory for DYDX in the near future. The nearest target is $5.10, with further potential gains towards $7. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoin-dydx-gears-up-for-potential-price-surge/" data-wpel-link="internal">Altcoin dYdX Gears Up for Potential Price Surge</a></h5>

Altcoin dYdX Gears Up for Potential Price Surge

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