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The sideways-ranging market lasted from late September to early October. The price began to move in a bullish direction on the 10th of October. By the 13th of October, the price of DYDX has reached the $1.500 price level, but strong selling pressure rejected the bullish market at the price level. But the bulls were also very strong and this battle resulted in price consolidation. A brief Price pullback followed this period of indecision on the 19th of October and it ended on the 21st of October when after the bulls have formed their support, they started the bullish trend that broke the difficult $1.500 price level
DYDX Market Price Statistic:
- DYDX/USD price now: $1.7803
- DYDX/USD market cap: $226,384,207.10
- SUSHI/USD circulating supply: 127,244,443
- DYDX/USD total supply: 250,000,000
- DYDX/USD coin market ranking: #129
Key Levels
- Resistance: $2.000, $2.500, $3.000
- Support: $1.500, $1.000, $0.500
DYDX Market Price Analysis: The Indicators Point of View
The Bollinger band indicator, in response to the price activities, is now moving in an ascending pattern. This means strong buying pressure. The bulls are having the upper hand over the bears. In the bullish market trend, buyers were even very ambitious on the 29th of October as they attempted breaking the $1.800 price level then the sellers rejected the bullish price.
DYDX/USD 4-Hour Chart Outlook
Today’s market opened with the determination to break the same $1.800 price level. But the bullish market appears to be already weakening as the bears formed strong resistance at the $1.800 price level. In the second 4-hour session, the bullish market was rejected. The way things are going, the price may either range again at this price level or reverse. The indicators used for this analysis, however, are still pointing to a bullish market. For instance, the RSI measures 68% market strength. DYDX market may range at this point before moving up above the resistance price level.
The Dash 2 Trade presale has had a brilliant start, having now raised far above $2 million within several days. The presale is being conducted in nine stages, with the price gradually increasing with each stage. The price is now $0.05 in the second stage
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