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DYDX price prediction: 70% upside potential for the altcoin!
dYdX (DYDX) price bounced off the $2.30 support zone in the week from January 8 to January 14, 2024 (green arrow). This move formed a higher low. It also signaled a shift in sentiment from selling on rallies to buying on dips. As a matter of fact, the price continued to find buyers at higher levels. Additionally, it broke above the important resistance zone of $3.40 last week. Currently, the price is in the process of confirming this zone as support (yellow arrow).
Meanwhile, the weekly RSI (Relative Strength Index) rose sharply from the 50 level. Also, the RSI is sloping upwards. This supports DYDX's successful bounce from the $3.40 area. Therefore, it is possible that the altcoin price will increase by 74.28% to the next important resistance zone of $7.
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