DYDX/USD Price Action Looks Choppy But Seem to Present Upside Hopes

DYDX/USD price movements started trading a choppy market during the close of March. The Choppy characteristics of this market have continued till now. Despit this, it appears that price action is showing upside propensity.

DYDX Analysis Data
dYdX Value Now: $2.45
dYdX  Market Cap: $382,564,528
DYDX Moving Supply: 156,256,174
dYdX Total Supply: 1,000,000,000
DYDX CoinMarketCap Ranking: 95

Major Price Levels:
Top: $2.70, $2.80, and $2.90
Base: $2.61, $02.50, and $2.40

DYDX/USD Mixes upside Promises With Bearish Characteristics

On the DYDX/USD daily market, price action have continued to pump towards the middle limit of the Bollinger Bands indicator on this chart. Recently, the price candle that has been appearing on this chart are dashed-shaped. However, they has continued to advance towards the aforementioned limit. Furthermore, as price candles approached the thei mid line of the Bollinger Bands, another bearish dashed-shaped price candle showed up. But, considering the Stochastic Relative Strength Index (RSI) indicator, it appears that the upside price move may still continue.

DYDXUSD Price Action Stays Consistent With an Upside Promise

On the dYdX 4 hour market, price movements seem almost the same with that on the daily chart. Also, a  dashed shaped price candle like that on the daily chart have also formed here on the 4-hour market. Likewise, the RSI lines have continued to rise upwards even more steeply at this point. Considering the behaviour of the Stochastic RSI it could be assumed that upside momentum is still growing. Therefore, more upside gains may be recorded toward the $2.70 price mark.

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