dYdX (ethDYDX)

Reversal

Coin

<ul class="news-points"> 
 <li>DYDX’s bullish momentum eyes $2.15 resistance after surging from $2.06 to $2.12 in 24 hours.</li> 
 <li>RSI’s robust 72.14 reading suggests a potential price rise, but caution grows due to overbought conditions.</li> 
 <li>Aroon confirms an uptrend with 100% Up, but 42.86% Down signals caution.</li> 
</ul> 
The <a href="https://coinedition.com/tag/DYDX-dydx/" rel="noopener noreferrer nofollow">dYdX (DYDX)</a> market has experienced bullish solid momentum over the past 24 hours, with bulls rising from a support level of $2.06 to a high of $2.12 as of press time. The next resistance level is around $2.15 if bullish momentum surpasses the 24-hour high. 
The previous support level of $2.06 may serve as a potential target for a pullback, though, if the bullish momentum weakens. 
During the upturn, the market capitalization of DYDX increased by 2.87% to $331,881,258, while its 24-hour trading volume decreased by 0.71% to $41,654,293. Profit-taking by some investors may be to blame for this drop in trading volume. On the other hand, the overall rise in market capitalization indicates that there is still a lot of interest in DYDX and the potential for further price growth. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized"> 
 <img decoding="async" src="https://coinedition.com/wp-content/uploads/2023/08/Dydx-1.png" alt="" class="wp-image-327414" width="698" height="483" srcset="https://coinedition.com/wp-content/uploads/2023/08/Dydx-1.png 698w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-300x208.png 300w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-253x175.png 253w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-380x263.png 380w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-566x392.png 566w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-101x70.png 101w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-129x89.png 129w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-207x143.png 207w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-643x445.png 643w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-357x247.png 357w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-347x240.png 347w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-238x165.png 238w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-305x211.png 305w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-267x185.png 267w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-117x81.png 117w, https://coinedition.com/wp-content/uploads/2023/08/Dydx-1-108x75.png 108w" sizes="(max-width: 698px) 100vw, 698px"> 
 <figcaption class="wp-element-caption"> DYDX/USD 24-hour price chart (source: <a href="https://coinmarketcap.com/currencies/dydx/#Chart" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
 </figcaption> 
 </figure> 
</div> 
The Relative Strength Index (RSI) on the DYDXUSD price ch… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/dydx-bulls-dominate-as-indicators-signal-potential-reversal-ahead/">DYDX Bulls Dominate as Indicators Signal Potential Reversal Ahead</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

DYDX Bulls Dominate as Indicators Signal Potential Reversal Ahead

Coin Edition

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