Breakout?
DYDX is finding strong support at the $2 level and is attempting to break out of its short-term downtrend. If confirmed with increased trading volume, price targets of $2.14 and $2.20 are within reach.
5/28/20241 min read
![DYDX price chart showing strong support at $2 and an attempt to break out of a short-term downtrend,](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=586,fit=crop/mP4DRvxXEycnaE1Q/7-d95pQLZpV7SryXkR.png)
![DYDX price chart showing strong support at $2 and an attempt to break out of a short-term downtrend,](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=189,fit=crop/mP4DRvxXEycnaE1Q/7-d95pQLZpV7SryXkR.png)
DYDX has strong support at the $2 level and is currently attempting to break out of its short-term downtrend. If this breakout is confirmed with increased trading volume, price targets of $2.14 and $2.20 are achievable.