dYdX (DYDX)
dYdX (DYDX)
The dYdX Chain is a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus. The DYDX token serves as the L1 protocol token for the dYdX Chain, as determined by the dYdX community through governance.
dYdX failed to attract investors after a sharp fall. The daily chart highlights the formation of several weak and indecisive candles indicating loss of buyers interest. dYdX price currently seems to be struggling near the 20 day EMA.
Now if the price suffers rejection near the 20 day EMA and selling pressure exceeds, dYdX price may slide towards the lower demand of $1 level. However, if the bulls are able to overcome 50 day EMA at $1.57, it may continue to surge higher.
The dYdX Chain is a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus. The DYDX token serves as the L1 protocol token for the dYdX Chain, as determined by the dYdX community through governance.
dYdX failed to attract investors after a sharp fall. The daily chart highlights the formation of several weak and indecisive candles indicating loss of buyers interest. dYdX price currently seems to be struggling near the 20 day EMA.
Now if the price suffers rejection near the 20 day EMA and selling pressure exceeds, dYdX price may slide towards the lower demand of $1 level. However, if the bulls are able to overcome 50 day EMA at $1.57, it may continue to surge higher.
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