DYDX Finally Breaks Free?

5 thg 12, 2023

Technical Analysis of DYDX

RSI: If RSI can hold the support at 49.41, it could move back up to the top and break through it.

Target: The distance between the bottom and the top of the box is 224%. If this range is broken, DYDX could move up to the same amount.

Volume: The 2.241 range was broken with high volume, indicating the presence of buyers.

Analysis: DYDX moved up from the middle of the box with strength and high volume to its top, and once managed to break through this range. This shows that buyers have control of the market and there is a possibility of the box breaking completely.