dYdX (DYDX) Price Prediction 2024, 2025, 2030

The DYDX exchange made the headlines late last year when it launched its own blockchain. The platform aimed to transfer its old DYDX tokens from Ethereum

The dYdX exchange made headlines toward the end of last year when it launched its own blockchain. The platform aimed to eventually shift its older DYDX token from Ethereum to the new mainnet.

However, in the fall of 2024, the platform announced it was laying off 35% of its staff.

On Nov. 1, 2024, DYDX was valued at about $0.993.

Let’s now take a look at our price predictions for DYDX, made on Nov. 1, 2024. We will also examine the DYDX price history and talk a little about what DYDX is and what it does.

dYdX Price Prediction

We will now examine CCN’s DYDX price predictions for Nov. 1. We will use the wave count method to arrive at our predictions and then add and subtract 20% from the final target to create the minimum and maximum DYDX price predictions.

The most likely wave count suggests that DYDX is mired in an A-B-C corrective structure, where wave A developed into a leading diagonal. If the count is correct, the DYDX price has just completed wave B and will soon begin wave C.

Both the start of wave A and that of wave C were catalyzed by bullish divergence (green) in the three-day RSI.

If wave C has the same magnitude and duration as wave A, DYDX will reach a high of 4.40 in December 2025. Projecting a similarly shaped rate of increase will lead to DYDX price predictions of $1.27 and $1.64 for the end of 2024 and 2025, respectively.

Finally, we use the daily rate of decrease to predict the DYDX price at the end of 2030. In the two years since Oct. 2022, DYDX has fallen by 25%, for a daily rate of decrease of 0.05%. Projecting this decrease until the end of 2030 leads to a price of $0.38 at the end of 2030. Adding and removing 20% to this target gives our minimum and maximum DYDX coin price predictions.

DYDX Price Prediction for 2024

The wave count method gives a DYDX price prediction range between $1.02 and $1.52 for the end of 2024.

DYDX Price Prediction for 2025

The wave count method predicts a DYDX price range between $1.32 and $1.96 by the end of 2025.

DYDX Price Prediction for 2030

Using the daily rate of decrease, we arrive at a DYDX price prediction range of $0.31 to $0.45 for the end of 2030.

DYDX Price Analysis

A closer look at the DYDX movement shows that the price follows a descending resistance trend line since May.

It made an unsuccessful breakout attempt in November (black icon) before falling.

Before the upward movement, the three-day RSI generated a bullish divergence (green). The divergence’s trend line is still intact.

DYDX also follows a short-term ascending support trend line.

DYDX can increase to the next resistance if a breakout happens at $2.

Short-Term DYDX Price Prediction

The DYDX price prediction for the next 24 hours suggests an eventual increase to the resistance trend line, and a breakout is likely.

The trend remains bullish as long as the short-term ascending support trend line is intact.

DYDX Relative Strength Index (RSI): Is DYDX Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Nov. 1, 2024, DYDX’s RSI was at 41, a sign of a bearish trend.

DYDX Average True Range (ATR): DYDX Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

On Nov. 1, 2024, DYDX’s ATR was 0.0353, a sign of relatively low volatility.

DYDX Market