cryptocurrency

dYdX (DYDX) 2022 Price Prediction – Will DYDX Hit $10 Soon?

  • The bullish DYDX price forecast is $2.369 to $7.22.
  • DYDX will also hit $10 soon.
  • The bearish market price forecast for DYDX for 2022 is $1,009.

In dYdX Price Forecast (DYDX) 2022, we use statistics, price patterns, RSI, RVOL and other information about DYDX to analyze the future movement of cryptocurrencies.

dYdX (DYDX) Current Market Status

according to Queen GekkodYdX (DYDX) price is $1.42 with a 24-hour trading volume of $62,250,110 at the time of writing. However, DYDX has fallen to 10.40% in the last 24 hours.

Furthermore, dYdX (DYDX) has a circulating supply of 65,569,295 DYDX. Currently, DYDX trades on cryptocurrency exchanges such as Binance, MEXC, BingX, OKX and Bybit.

What is dYdX (DYDX)?

dYdX (DYDX) is a decentralized trading platform for margin trading cryptocurrencies for assets such as BTC, ETH, SOL, DOT and some other crypto assets. Moreover, the hype around dYdX is intensifying as the exchange finally offers a clear decentralization of the perpetual exchange BitMex, FTX, and Bitfinex.

dYdX is a brilliantly executed decentralized cryptocurrency derivatives exchange with a large number of margin trading and permanent for everyone. Besides having a smart name, dYdX has filled a compelling niche in the cryptocurrency trading world.

dYdX (DYDX) Price Prediction 2022

dYdX (DYDX) occupies position 180 on CoinGecko at the moment. The DYDX price forecast for 2022 is explained below with a weekly time frame.

DYDX/USDT Horizontal Channel Pattern (Source: TradingView)

The above chart for DYDX depicted the horizontal channel pattern, the horizontal channel also known as the sideways trend. To indicate how price is constrained between the upper line of resistance and the lower support line, the horizontal channels are trend lines that join the highs and lows of the prices.

Currently, dYdX (DYDX) is priced at $1.42. If the pattern continues, DYDX price could reach the $1.49, $4.2 and $7.22 resistance levels. If the trend reverses, DYDX price may drop to $1.09.

dYdX Support and Resistance Levels (DYDX)

The chart below shows the support and resistance levels for dYdX (DYDX).

DYDXUSDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for dYdX (DYDX).

resistance level 1 $2,344
resistance level 2 $4,246
resistance level 3 7.157 USD
resistance level 4 10,853 USD
Support level 1 1.605 dollars
Support level 2 1,012 dollars
dYdX resistance and support level

The charts show that DYDX has performed in an upward trend over the past month. If the trend continues, DYDX may work in tandem with the bulls breaking the resistance level at $7.22.

Accordingly, if investors turn against the cryptocurrency, the price of DYDX could drop to close to $1,009, which is a bearish sign.

dYdX (DYDX) Price Prediction 2022 – RVOL, MA and RSI

The relative volume (RVOL) of dYdX (DYDX) is shown in the graph below. It is an indicator of how the current trading volume has changed over a period of time from the previous volume of traders. Currently, the RVOL of DYDX is below the cutoff line, indicating weakness of participants in the current trend.

DYDX/USDT RVOL, MA, RSI (Source: TradingView )

Furthermore, a moving average (MA) of dYdX (DYDX) is shown in the above chart. Notably, DYDX price is below the 50 MA (short term), so it is completely in a downtrend. Currently, DYDX is in an uptrend. There is a possibility of a trend reversal for DYDX at any time.

Meanwhile, the DYDX Relative Strength Index (RSI) is at 41.72. This means that DYDX is almost in an oversold state. However, this gives confidence to the traders to trade without any fear.

dYdX (DYDX) Price Forecast 2022 – ADX, RVI

Let’s now look at the Average Directional Index (ADX) for dYdX (DYDX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

DYDX / USDT ADX, RVI (Source: TradingView )

The chart above represents the ADX indicator for dYdX (DYDX). DYDX is currently in the 28.889 range, so it indicates a strong trend.

From the chart above, the dYdX Relative Volatility Index (RVI) (DYDX). RVI measures the continuous skewness of price changes over a period of time rather than price changes. DYDX’s RVI is above 50, indicating high volatility. Indeed, the DYDX RSI is at 41.72, which confirms a possible sell signal.

Comparison of DYDX, BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and dYdX (DYDX).

BTC vs ETH vs DYDX Price Comparison (Source: TradingView)

From the above chart, we can interpret the movement of ETH, BTC, and DYDX in a similar direction. This indicates that when the price of BTC rises or falls, the price of ETH and DYDX also increases or decreases, respectively.

dYdX (DYDX) Price Prediction 2023

If the price action’s decline completely slows down in momentum and the trend reverses, dYdX (DYDX) It will likely reach $16.5 by 2023.

dYdX (DYDX) Price Forecast 2024

With several network upgrades, dYdX (DYDX) may enter an upward trajectory. If the coin grabs the attention of major investors, DYDX could rise to $18.6 by 2024.

dYdX (DYDX) Price Forecast 2025

If dYdX (DYDX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, DYDX will rise to $20.

dYdX (DYDX) Price Prediction 2026

If dYdX (DYDX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, DYDX will rise to $23.

dYdX (DYDX) Price Prediction 2027

If dYdX (DYDX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, DYDX will rise to $27.

dYdX (DYDX) Price Prediction 2028

If dYdX (DYDX) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the price of DYDX will reach $31.

dYdX (DYDX) Price Prediction 2029

If investors flock and continue to place their bets on dYdX (DYDX), this will see huge gains. DYDX could reach $36 by 2029.

dYdX (DYDX) Price Prediction 2030

With greater developments in the dYdX ecosystem, the crypto community may continue to invest in dYdX (DYDX) over the next eight years and drive the price of the token significantly higher. Thus, dYdX (DYDX) could reach $40 by 2030.

conclusion

With the continuous improvements in the dYdX network, we can say that 2022 is a good year for DYDX. Because of this, the bullish price forecast for dYdX (DYDX) in 2022 is $7,222. On the other hand, the bearish price forecast for dYdX (DYDX) for 2022 is $1,009.

Moreover, with the developments and improvements in the dYdXecosystem, dYdX (DYDX) could perform up to $10 to attract the attention of investors. It will also rise to an all-time high (ATH) of $27.86 in the near future.

Instructions

1. What is dYdX (DYDX)?

dYdX (DYDX) is a decentralized trading platform for margin trading cryptocurrencies for assets such as BTC, ETH, SOL, DOT and some other crypto assets.

2. Where can you buy dYdX (DYDX)?

dYdX (DYDX) is listed on several cryptocurrency exchanges including Binance, MEXC, BingX, OKX, and Bybit.

3. Will dYdX (DYDX) arrive in a new ATH soon?

With the constant developments and updates within the dYdX platform, dYdX (DYDX) has a great potential to reach ATH soon.

4. What is the all-time high (ATH) of dYdX (DYDX)?

On September 30, 2021, the dYdX Index (DYDX) reached an all-time high (ATH) at $27.86.

5. Is dYdX (DYDX) a good investment in 2022?

dYdX (DYDX) appears to be one of the most profitable cryptocurrencies this year. According to dYdX’s recorded achievements in the past few months, DYDX is a good investment in 2022.

6. Can dYdX (DYDX) go up to $10?

dYdX (DYDX) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this uptrend continues, dYdX (DYDX) will hit $10 soon.

7. What will be the price of dYdX (DYDX) by 2023?

dYdX (DYDX) is expected to reach $16.5 by 2023.

8. What will be the price of dYdX (DYDX) by 2024?

dYdX (DYDX) is expected to reach $18.6 by 2024.

9. How much will dYdX (DYDX) cost by 2025?

The price of dYdX (DYDX) is expected to reach $20 by 2025.

10. What will be the price of dYdX (DYDX) by 2026?

The price of dYdX (DYDX) is expected to reach $23 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. Not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

#dYdX #DYDX #Price #Prediction #DYDX #Hit

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button