dYdX Price Prediction for Today, October 3

dYdX Price Prediction for Today, October 3 – DYDX Technical Analysis

Updated: 06 October 2023

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dYdX price prediction shows that DYDX moves to the upside as any close above the $2.20 price mark is expected.

dYdX Prediction Statistics Data:

dYdX price now – $2.01
dYdX market cap – $378.6 million
dYdX circulating supply – 183.7 million
dYdX total supply – 1.0 billion
dYdX Coinmarketcap ranking – #82

DYDX/USD Market

Key Levels:

Resistance levels: $2.30, $2.40, $2.50

Support levels: $1.80, $1.70, $1.60

dYdX Price Prediction for Today, October 3 – DYDX Technical Analysis — DYDXUSD – Daily Chart

DYDX/USD is seen trading at $2.01 after recording an intraday high at $2.11 during the European session today. Looking at the daily chart, DYdX (DYDX) is heading toward the upside as the coin trades bullishly. DYDX/USD is trading above the 9-day and 21-day moving averages after the beginning of today’s trade at $2.00.

dYdX Price Prediction: DYDX May Price Spike to the Upside

Since the beginning of this month, the dYdX price has been trading bullishly within the channel, currently trading at the $2.01 level. In the meantime, the dYdX price may continue to move toward the upper boundary of the channel to touch the nearest resistance at $2.20.

Nevertheless, the dYdX price may begin to do well and the price could hit the resistance levels at $2.30, $2.40, and $2.50 respectively. Meanwhile, if the coin makes a quick turn to the south, there may be a cross below the lower boundary of the channel and the bearish drop may likely roll the market down to the support levels of $1.80, $1.70, and $1.60.

DYDX/BTC Resumes Upward Movement

Against Bitcoin, the dYdX price is crossing above the 9-day and 21-day moving averages. The market price may focus on the upward movement if touches the resistance level of 7500 SAT. Meanwhile, DYDX/BTC is currently trading at 7263 SAT as the next key resistance may come to be at 8300 SAT and above.

On the downside, a possible bearish movement below the lower boundary of the channel may come into play, when this is done, the support level of 6200 SAT and below could be visited. However, the market may continue to have a bullish day if the 9-day MA crosses above the 21-day MA.

Alternatives to dYdX

The dYdX price is hovering above the 9-day and 21-day moving averages if the buyers could increase the buying pressure. For the fact that the coin is trading at $2.01, the dYdX price may continue to follow the bullish movement. Therefore, traders can expect the coin to cross above the upper boundary of the channel to hit the nearest resistance level of $2.30.

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