Is It Too Late to Buy dYdX? ETHDYDX Price Gains 65% as Viral Meme Coin Attracts Global Investors – How to Buy?

cryptonews.com:

Growing DEX dYdX has undertaken an explosive +65% move amid surging $1.7bn trading volumes, but as DYDX price explodes is it too late to buy dYdX?

The top ranked DEX by trading volume dYdX has seen explosive growth driven by its perpetual contracts offerings in recent weeks.

With 24-hour volumes now standing at $1,785,782,807, dYdX currently represents a whopping 24.5% of total DEX market volumes – fuelling growth in DYDX price.

DYDX price continues to press high into the breakout trading channel, leaving dYdx currently trading at a market price of $3.96 (representing a 24-hour change of +0.61%).

This comes after a thunderous candle yesterday (November 14) saw DYDX price leap +36.45% – pushing high up to the upper trendline.

DYDX price has been on breakout footing since price pushed above the 200DMA on October 24, ending 4-months of impenetrable resistance from the moving average.

This was quickly followed by an ascendant 20DMA, which formed a golden cross pattern in a bullish signal on October 31.

Now battling upper trendline resistance at $3.95, DYDX price appears to be fighting to consolidate these newfound gains in a poise that would leave price action primed to attempt a test of resistance.

However, this conflicts with a substantially overheated RSI, which signals overbought price levels reading at 82.41 – suggesting price action needs to consolidate here.

Meanwhile the MACD remains bullish, with a reading at 0.144, as momentum behind DYDX’s recent price moves remains strong.

Overall, given the significant performance of the dYdX DEX, and the strength of recent DYDX price action, the chart looks healthy here, with DYDX consolidating ahead of a crucial resistance test.

This leaves DYDX price with a short-time frame target at