DYDX Price Soars 30%, Can It Reach $2 in This Uptober Rally?

Amid, increased volatility, the dydx token has jumped 17.32% in the past 24 hours with a trading volume of $377.96 million. Furthermore, it has surged 23.80% over the past week and 26.49% during the past 30 days. Notably, with a market cap of $767.19 million, it has secured 97th position.

DYDX Technical Sentiments

The MACD indicator has displayed a constant rise in the green histogram with its averages showing an increase in the bullish sentiment. This suggests that the dYdX price may continue gaining value in the coming time.

The Relative Strength Index (RSI) has displayed a sharp plunge above the overbought range, highlighting increased price volatility in the crypto market.

Will dYdX Price Go Up？

If the market maintains the bullish sentiment, this could result in the DYDX price retesting its resistance level of $1.544. Moreover, if the bullish sentiment intensifies, this could result in it heading toward its upper resistance level of $2.24 during the upcoming weeks.

On the contrary, if a bearish reversal occurs, the DYDX crypto token will plunge toward its crucial support trendline of $0.8350 in the coming time.