Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- dYdX is down -6.00% today against the US Dollar
- DYDX/BTC decreased by -2.73% today
- DYDX/ETH decreased by -3.15% today
- dYdX is currently trading 11.38% below our prediction on May 29, 2023
- dYdX dropped -19.41% in the last month and is up 0.73% since 1 year ago
| dYdX price | $ 2.01 |
| dYdX prediction |
$ 2.27 (12.88%) |
| Sentiment |
Bearish |
| Fear & Greed index |
50 (Neutral) |
| Key support levels | $ 2.08, $ 2.02, $ 1.97 |
| Key resistance levels | $ 2.20, $ 2.25, $ 2.31 |
DYDX price is expected to rise by 12.88% in the next 5 days according to our dYdX price prediction
dYdX price today is trading at $ 2.01 after losing -6.00% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -6.11% in the same time period. DYDX performed poorly against BTC today and recorded a -2.73% loss against the world’s largest cryptocurrency.
According to our dYdX price prediction, DYDX is expected to reach a price of $ 2.27 by May 29, 2023. This would represent a 12.88% price increase for DYDX in the next 5 days.
DYDX Price Prediction Chart
What has been going on with dYdX in the last 30 days
dYdX has been displaying a negative trend recently, as the coin lost -19.41% in the last 30-days. The medium-term trend for dYdX has been bearish, with DYDX dropping by -24.49% in the last 3 months. The long-term picture for dYdX has been positive, as DYDX is currently displaying a 0.73% 1-year price change. On this day last year, DYDX was trading at $ 2.00.
dYdX reached its all-time high price on Sep 30, 2021, when the price of DYDX peaked at $ 27.61. The current DYDX cycle high is $ 3.65, while the cycle low is at $ 1.01. DYDX has been displaying low volatility recently – the 1-month volatility of the coin is at 8.98. dYdX recorded 14 green days in the last 30 days.
dYdX technical analysis for today – May 24, 2023
The sentiment in the dYdX markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 2.08, $ 2.02 and $ 1.97, while $ 2.20, $ 2.25 and $ 2.31 are the key resistance levels.
Bearish sentiment for dYdX
3 indicators are currently signaling a bullish prediction for dYdX, while 23 indicators are showing a bearish forecast. With 88% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for dYdX.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
dYdX moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how dYdX is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 2.10 (SELL) | $ 2.15 (SELL) | – | – |
| MA5 | $ 2.12 (SELL) | $ 2.13 (SELL) | – | – |
| MA10 | $ 2.16 (SELL) | $ 2.14 (SELL) | – | – |
| MA21 | $ 2.22 (SELL) | $ 2.22 (SELL) | $ 2.37 (SELL) | $ 2.35 (SELL) |
| MA50 | $ 2.45 (SELL) | $ 2.35 (SELL) | $ 1.95 (BUY) | $ 2.74 (SELL) |
| MA100 | $ 2.51 (SELL) | $ 2.36 (SELL) | – | – |
| MA200 | $ 2.15 (SELL) | $ 2.34 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 43.12 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 70.09 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 23.16 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.23 | NEUTRAL |
| Momentum (10) | 0.03 | BUY |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -29.91 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 57.99 | NEUTRAL |
| VWMA (10) | 2.16 | SELL |
| Hull Moving Average (9) | 2.09 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 2.34 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for dYdX is at 43.12, suggesting that DYDX is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of dYdX over the last 50 days. Currently, dYdX is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the DYDX closing price for the last 200 days. DYDX is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this dYdX prediction
After considering the above factors, we can conclude that the current forecast for dYdX price prediction is Bearish. DYDX would have to increase by 12.88% to hit our $ 2.27 target within the next five days. Moving forward, it will be important to monitor the DYDX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term dYdX price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.