Dydx Still struggling

DYDX/USDT

Timeframe: Daily

The price of DYDX is currently following a rising wedge pattern on the daily timeframe. I anticipate that the price might decrease by around 20-40% from this point. However, it's important to note that these are just my expectations, and we need to wait for confirmation before making any conclusions.

The initial sign to watch for is a rejection from the current level. If there's a rejection, our initial target will be the lower trendline of the wedge pattern. Furthermore, if the price breaks down below this pattern, it will provide even stronger confirmation that DYDX might encounter challenging times.

Please remember that this is just a suggestion. Before making any decisions, it's advisable to conduct your own research and analysis.

Best of luck,

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