Wrapping up the day, market activity remains, $DYDX is forming a potential resolution â waiting$DYDX for confirmations.
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DYDX
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Analysis | 4
The chart shows an upward structure with several Breaks of Structure (BoS). After a local high, the price corrected and tested the demand zone around $0.65. The current level is an intermediate zone; the market is forming new liquidity.
đ Bullish scenario:
Holding the $0.65 zone and consolidating above it is a signal for continued growth. Breaking $0.70 opens the way to a new high at $0.75 and above.
đ Bearish scenario:
Losing $0.60 will open the path to the $0.55â0.53 zone, where strong support is located. If it consolidates below $0.53, a drop to around $0.48 is possible.
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