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DYDX Price Prediction for Today, October 30: DYDX/USD Bulls market

DYDX Price Prediction for Today, October 30: DYDX/USD Bulls market
DYDX Price Prediction for Today, October 30: DYDX/USD Bulls market

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DYDX Price Prediction for Today, October 30: DYDX/USD Bulls market

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 Price Prediction for Today, October 30: DYDX/USD Bulls market

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.

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