Key Takeaways dYdX price faces volatility around $1.5. Our dYdX price prediction for 2024 expects a maximum price of $2.8. In 2030, we expect the dYdX price to touch $29.58. The dYdX exchange captured significant attention late last year with the launch of its proprietary blockchain. The platform aimed to migrate its existing dYdX tokens from Ethereum to this new mainnet. However, in the fall of 2024, the platform disclosed that it was reducing its workforce by 35%. As dYdX’s on-chain activities surge, questions arise, such as: “Does dYdX have the potential to hit the $10 mark soon?” or “Will dYdX ever go up?” or “Where will dYdX be in 5 years?” Let’s answer them using our dYdX price prediction. Overview Cryptocurrency dYdX Token dYdX Price $1.5 Market Cap $611.61M Trading Volume $36.99M Circulating Supply 643.93M dYdX All-time High $4.53 All-time Low $0.8067 24-hour high $2.2 24-hour low $1.98 dYdX price prediction: Technical analysis Metric Value Current Price $1.5 Price Prediction $ 5.72 (223.31%) Fear & Greed Index 76 (Extreme Greed) Sentiment Bullish Volatility 17.43% Green Days 18/30 (60%) 50-Day SMA $ 1.194069 200-Day SMA $ 1.4366 14-Day RSI 72.34 dYdX price analysis: dYdX faces a bearish pressure around $1.5 TL;DR Breakdown: dYdX price analysis shows that dYdX is facing selling demand. Resistance for dYdX is present at $1.6699 Support for dYdX/USD is present at $1.2872 The dYdX price analysis for 24 December confirms that dYdX faces increased selling pressure as the price drops toward $1.5. Currently, there’s a strong domination from both buyers and sellers. dYdX price analysis 1-day chart: dYdX price faces drop toward $1.5 An analysis of the daily dYdX price chart shows that the token is facing bearish pressure as it aims to hold on to its momentum. In recent hours, the price of dYdX has been declining toward $1.5; however, it faces minor buying pressure from bulls. The 24-hour volume declined to $22.3 million, plunging interest in trading today. dYdX is trading at $1.51, decreasing by over 1.4% in the last 24 hours. dYdX shows bullish volatility The RSI-14 trend line has declined from its previous level and trades below the midline at 42, hinting that bearish pressure is on the edge. The SMA-14 level suggests volatility in the next few hours. dYdX/USD 4-hour price chart: Bulls aim for an immediate correction The 4-hour dYdX price chart suggests that bears are strengthening their position as they aim to hold the price below the EMA trend lines. Bulls are maintaining buying confidence as the dYdX price aims for further surges. dYdX price chart The BoP indicator trades in a bearish region at 0.52, showing that short-term sellers are taking a chance to accelerate a downward trend. However, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening long-position holders’ confidence. dYdX technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 1.450985 BUY SMA 5 $ 1.535278 BUY SMA 10 $ 1.518048 BUY SMA 21 $ 1.401292 BUY SMA 50 $ 1.194069 BUY SMA 100 $ 1.070799 BUY SMA 200 $ 1.4366 BUY Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $ 1.368526 BUY EMA 5 $ 1.263628 BUY EMA 10 $ 1.139506 BUY EMA 21 $ 1.047047 BUY EMA 50 $ 1.012846 BUY EMA 100 $ 1.130664 BUY EMA 200 $ 1.485763 BUY What to expect from dYdX price analysis next? The hourly price chart confirms that dYdX is attempting a dip below the immediate support line; however, bulls are eyeing an upside recovery rally in the coming hours. If dYdX’s price holds momentum above $1.6699, it will fuel a bullish rally to $1.9969. dYdX price chart If bulls fail to initiate a surge, the dYdX price may drop below the immediate support line at $1.2872, beginning a bearish trend to $1.0678. Is dYdX a good investment? The rising institutional demand for dYdX makes it a good investment option. However, dYdX has a short investment history filled with very volatile phases. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals. Why is dYdX down today? Today, dYdX faced intense selling pressure as it failed to surge above $2.2. However, buyers are defending further declines and aiming for a quick recovery. Will dYdX price recover? If buyers hold the buying momentum of dYdX and send it past the $2.5 mark, we might see a significant recovery in the coming hours. The current low might be a good time to buy and this might create a strong support level for dYdX’s price. Will dYdX reach $10? Depending on market sentiments, dYdX might hit the $10 mark by the end of 2027. However, any bearish news might weaken this prediction. Will the dYdX price reach $100? $100 will be a significant milestone for dYdX. However, it is achievable if dYdX continues to attract institutional interest in the coming years. Is dYdX a good long-term investment? As several institutions continue to accumulate dYdX, and it faces a rise in global recognition, dYdX has a solid long-term future. Recent news/opinion on dYdX dYdX announced a 35% cut in staff strength The decentralized trading platform dYdX, based in Switzerland, has announced a 35% cut in its core workforce. CEO Antonio Juliano shared the initial news in a short post on X, describing the decision as “sad” and committing to share a more detailed explanation later. dYdX price prediction December 2024 November was a bullish month for dYdX as the altcoin made robust surges following Donald Trump’s victory. dYdX’s price might attempt to surge toward $2 from its recent low and be pushed further, at least $2.6 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation around $1.5. dYdX price prediction Minimum price Average price Maximum price dYdX price prediction December 2024 $1.5 $2 $2.6 dYdX price prediction 2024 The price of 1 dYdX is expected to reach a minimum level of $2.61 by the end of 2024. Traders and investors can expect a maximum level of $2.80 and an average price of $2.70 if the bulls show up. dYdX price prediction Minimum price Average price Maximum price dYdX price prediction 2024 $2.61 $2.7 $2.8 dYdX price predictions 2025-2030 Year Minimum price ($) Average price ($) Maximum price ($) 2025 3.86 3.96 4.55 2026 5.91 6.11 6.74 2027 8.14 8.45 9.96 2028 11.74 12.16 14.45 2029 17.06 17.67 20.6 2030 23.74 24.45 29.58 dYdX price prediction 2025 The unit price of dYdX in 2025 is expected to hit a minimum of $3.86. According to expert analysis, dYdX could reach up to $4.55, with an average price of $3.96. dYdX price prediction 2026 In 2026, dYdX could see its price range between a minimum of $5.91 and a maximum of $6.74. Traders can expect an average price of $6.11 throughout the year. dYdX price prediction 2027 For 2027, the price forecast indicates a minimum level of $8.14 and a potential high of $9.96, with the average settling around $8.45. dYdX price prediction 2028 Looking ahead to 2028, projections suggest a minimum price of $11.74 and a maximum price of $14.45 for dYdX, with an average price of $12.16. dYdX price forecast 2029 By 2029, the dYdX price is anticipated to range from a minimum of $17.06 to a maximum of $20.60, averaging around $17.67. dYdX (dYdX) price prediction 2030 For 2030, the dYdX price is forecasted to potentially reach a minimum of $23.74, a maximum of $29.58, and an average trading value of $24.45. dYdX price prediction chart for 2024 – 2030 dYdX market price prediction: Analysts’ dYdX price forecast Firm Name 2024 2025 Coincodex $2.9 $2.5 Digital Coin Price $3.5 $4.8 Changelly $2.8 $5.4 Cryptopolitan’s dYdX (dYdX) price prediction Per Cryptopolitan, the price of dYdX is expected to reach a minimum level of $5.91 and a maximum of $6.74. Traders can expect an average price of $6.11 throughout 2026. If the market stays positive, we expect the dYdX price to trade well above $5 by 2027. However, the future market potential for dYdX entirely depends on its buying demand, regulation, and investor sentiment in long-term holding. dYdX historical price sentiment dYdX price history | Source: Coinmarketcap Last Week (Nov. 26, 2024): $1.46 Last Month (Nov. 1, 2024): $0.88 Three Months Ago (Sep. 1, 2024): $0.91 Launch Price (Dec. 12, 2023): $2.38 All-Time High (March 7, 2024): $4.53 All-Time Low (Sept. 6, 2024): $0.8067 Current price range (December): $1.47 – $1.81
