Technical analysis :
DYDX near channel up support level at 2.953, if this support able to hold bearish movement, bullish target at 3.611
But if it break down, bearish will reach 2.511 or maximum target at major support at 2.062
Fundamental analysis :
DYDX already unlocked 34.2% supply and will unlock $101.67M or 12.35% supply tomorrow.
Mostly unlocking large quantity supply will create short term dump.
DYDX near channel up support level at 2.953, if this support able to hold bearish movement, bullish target at 3.611
But if it break down, bearish will reach 2.511 or maximum target at major support at 2.062
Fundamental analysis :
DYDX already unlocked 34.2% supply and will unlock $101.67M or 12.35% supply tomorrow.
Mostly unlocking large quantity supply will create short term dump.
Trade closed: target reached
sorry for late update,this analysis close, target reach
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.