The post DYDX Price Surges 2% as Bulls Target $0.77 Resistance Level appeared on BitcoinEthereumNews.com.

Jessie A Ellis
Sep 21, 2025 09:52

DYDX trades at $0.69 with bullish momentum building as technical indicators signal potential breakout above key resistance at $0.77.

Quick Take • DYDX currently trading at $0.69 (+2.06% in 24h) • Bullish MACD crossover with histogram showing positive momentum • DYDX RSI at 58.31 indicates room for further upside movement • Price trading near Bollinger Band upper resistance at $0.71 What’s Driving Dydx Price Today? While no significant news events have emerged in the past week to drive DYDX price action, the current bullish momentum appears to be driven by technical factors and broader market sentiment. The 2.06% daily gain comes as traders position themselves ahead of potential resistance breakouts. The absence of major catalysts suggests that DYDX price movements are primarily driven by technical analysis patterns and algorithmic trading strategies. This creates an environment where chart patterns and technical indicators become the primary drivers of short-term price action. DYDX Technical Analysis: Strong Bullish Signals Emerge The Dydx technical analysis reveals compelling bullish momentum across multiple indicators. DYDX’s MACD has generated a bullish crossover with the histogram reading 0.0070, indicating strengthening upward momentum. This technical signal often precedes sustained price rallies in cryptocurrency markets. DYDX RSI currently sits at 58.31, positioning the token in neutral territory with significant room to move higher before reaching overbought conditions. This reading suggests that bulls have space to push DYDX price toward resistance levels without triggering immediate selling pressure from momentum traders. The moving average structure strongly supports the bullish thesis. DYDX price trades above all key moving averages, with the current $0.69 level sitting above the 7-day SMA ($0.66), 20-day SMA ($0.64), 50-day SMA ($0.64), and 200-day SMA ($0.61). This alignment creates a favorable technical backdrop for continued…

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Filed under: News - @ September 21, 2025 11:26 am