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.

DYDX-3,11%
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DaoResearchervip
· 4h ago
dydx's technical outlook is indeed poor this time, but it is worth noting that according to governance proposal voting data, such short-term corrections are often accompanied by large investors accumulating chips—see the detailed analysis in the White Paper's Token Economics Chapter 3.2. The RSI remaining unchanged is even more interesting, indicating that the market is stuck in an incentive-incompatible deadlock.
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AirdropSkepticvip
· 10h ago
dydx this thing dropped again, the EMA is broken, what else to think about, the bears are having a blast.
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just_another_walletvip
· 10h ago
dydx this wave indeed looks tough, the EMA broke below, what else are you thinking...
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BanklessAtHeartvip
· 10h ago
dydx has been held down by the bears again, EMA hasn't recovered yet, feeling exhausted
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MidnightGenesisvip
· 10h 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.
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DoomCanistervip
· 10h ago
dydx this wave really fell flat, nothing good below the EMA
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NFTBlackHolevip
· 10h 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.
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