In a significant leap for decentralized exchanges (DEX), dYdX has now clinched the title of the largest DEX by daily trading volume, surpassing Uniswap v3
Based on these indicators, the dYdX token may continue to consolidate within its current pattern, with potential breakouts indicating further growth. The precise prediction, however, remains subject to market dynamics.
Based on the current technical indicators and the chart pattern, the dYdX price may continue to consolidate within the triangle pattern. A breakout above the downtrend line could signal a move towards the upper resistance levels, potentially around the $3.50 mark. Conversely, a breakdown below the EMA support could see prices testing lower supports, near the $2.50 level. Right now its at $3.015 so trading with caution is advised, especially for scalpers and day traders.
Editado por Andrew Hayward y Guillermo Jiménez.
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