DyDx Breaks Through May Highs to $2.20. Will Top Crypto Coin Push Back to $3?

Updated: 17 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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DyDx has experienced a hike in price, breaking through its previous May highs and reaching $2.21. Over the past month, DyDx has demonstrated growth, recording a substantial increase of 23.6%. It is currently trading at $2.18 as of 8am. EST, with a 0.84% increase over the last 24 hours.

Double Bottom and Ascending Triangle Formations Point to DyDx Price Surge

DyDx Price Analysis. Source: Tradingview.com 7/17/2023 — DyDx Price Analysis. Source: Tradingview.com

DyDx is aiming to regain bullish momentum by surpassing previous highs. After breaking out at $1.16, the price climbed above the $2.62 resistance level, which previously acted as a double top formation, resulting in a decline to $1.16 support. Despite encountering resistance at $3.5 and experiencing a pullback, the market has renewed hope with a potential double-bottom pattern forming at $1.53, indicating a potential price surge.

Additionally, the price is forming an ascending triangle, breaking above the bearish trendline, and the inverted hammer candle and recent bullish candle on the daily chart support the bullish sentiment, attracting more investors.

DyDx Price Could Push above $3

DyDx Indicator Analysis. Source: Tradingview 7/17/2023 — DyDx Indicator Analysis. Source: Tradingview

DyDx’s daily chart analysis indicates a bullish outlook, with a potential surge in price suggested by a bullish pennant pattern and trading above the 200-day moving average. A breakout above the 50-day moving average could confirm the bullish sentiment, while the formation of a double-bottom pattern further supports the bullish scenario.

The RSI-14 is neutral, indicating room for buyers to enter the market.

Meanwhile, consider investing in Thuglife (THUG) token, which recently completed its presale and is awaiting listing on exchanges.

Thuglife ($THUG) Token Presale Sold Out, Awaiting Listing on Exchanges

Thuglife ($THUG) meme coin presale has just concluded its final stage. The crypto market is now awaiting the listing of yet another groundbreaking meme coin.

Let's go. If you missed out on PEPE and MiniDoge, then $THUG is your golden egg. @thug_life_token #thug #thuglifecoin #1000x #launch pic.twitter.com/CYbrrdj9ef

— CryptoKnight (@MrDubeOfficial) July 16, 2023

Thug Life’s ambitious community raised an impressive target of $2.06 million within a tight timeframe. Investors who invest early will reap significant returns on investment (ROI) and enjoy the advantages of the network’s growth in the long term.

However, those who missed the presale still have a golden opportunity to join a project when it lists on exchanges as it is tipped to be the next PEPE.

Thuglife (THUG) a Movement to Redefine Views

Thuglife ($THUG) offers a unique opportunity beyond just being involved in a crypto project. THUG Life embodies a movement to transform people’s views on life and societal norms. The project’s core purpose is to challenge conventional thinking and redefine the perception of nonconformists in our society.

By aligning with THUG, individuals become part of a community that embraces unconventional ideas and approaches life with a distinct and refreshing mindset. THUG is not solely a lifestyle token; it also presents the potential for substantial long-term returns due

to its status as a low-cap token.

As an investor, joining THUG allows you to tap into the potential growth of this cryptocurrency, potentially boosting your gains significantly over time. However, the true value lies in being part of a movement that seeks to break barriers, inspire change, and positively impact how people view and interact with the world around them.

Those who bought the presale can claim their $THUG tokens today at 1800 CET during the Thuglife launch.

Launch of $Thug is 1800 CET. For those who bought presale you can claim your tokens at launch, not before. Contract is deployed but can't buy until launch time therefor can't claim either. Once we live we poppin! 🕶️#Thuglifetoken about to 187 the market today#Launch #Soon pic.twitter.com/6kH5Uw3ZVs

— Thug Life Token (@thug_life_token) July 17, 2023