$DYDX Today, the analysis of dYdX (DYDX) indicates a bullish sentiment, with signs of a potential upward reversal after a prolonged downtrend. Currently priced at $0.9460, dYdX has shown a positive divergence on both the 1-day and 3-day charts, suggesting that the selling pressure is easing. If the price can close positively, thereâs potential for a rebound, targeting around $1.0169 in the near termâ
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Article (under 150 words)
As of October 18, 2024, dYdX is experiencing a shift in market sentiment. After months of decline, the current price of $0.9460 indicates a possible turnaround, bolstered by positive divergences in momentum indicators. Recent analysis suggests that the selling pressure is diminishing, leading to expectations of a bounce-back towards $1.0169 if momentum builds. Key support levels remain critical, and while caution is advised due to overall market volatility, traders are eyeing a potential short squeeze. A strong closing today could solidify bullish momentum for dYdX, making it an asset to watch closely in the coming daysâ
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Target Price and Sell Price Update
Target Price: $1.0169
Sell Price: Consider setting a sell limit just below this target to secure profits if reached
