DYDX showing weakness on the 30-min timeframe right now. Price is sitting below the key EMAs, which is never a good sign if you're holding long. RSI isn't giving us much either—no real buying momentum to speak of. The bears seem to have control at the moment. Anyone watching this pair closely? Could be worth monitoring for potential reversals if we see RSI uptick and reclaim those moving averages.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
AirdropSkeptic
· 2h ago
dydx this thing dropped again, the EMA is broken, what else to think about, the bears are having a blast.
View OriginalReply0
just_another_wallet
· 2h ago
dydx this wave indeed looks tough, the EMA broke below, what else are you thinking...
View OriginalReply0
BanklessAtHeart
· 2h ago
dydx has been held down by the bears again, EMA hasn't recovered yet, feeling exhausted
View OriginalReply0
MidnightGenesis
· 2h ago
On-chain data shows DYDX is still bottoming out, and being below the EMA is indeed a bit uncomfortable... If RSI doesn't pick up, the short-term rebound probability isn't high. Monitoring overnight.
View OriginalReply0
DoomCanister
· 2h ago
dydx this wave really fell flat, nothing good below the EMA
View OriginalReply0
NFTBlackHole
· 3h ago
dydx has fallen below the moving average again? This wave of bears is really fierce; we probably need to wait for the RSI to rebound before there's hope.
DYDX showing weakness on the 30-min timeframe right now. Price is sitting below the key EMAs, which is never a good sign if you're holding long. RSI isn't giving us much either—no real buying momentum to speak of. The bears seem to have control at the moment. Anyone watching this pair closely? Could be worth monitoring for potential reversals if we see RSI uptick and reclaim those moving averages.