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 last year. 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 $1.47 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 $1.478 24-hour low $1.45 dYdX price prediction: Technical analysis Metric Value Current Price $1.47 Price Prediction $ 5.06 (229.65%) Fear & Greed Index 70 (Greed) Sentiment Bearish Volatility 18.31% Green Days 17/30 (57%) 50-Day SMA $ 1.650317 200-Day SMA $ 1.292591 14-Day RSI 44.17 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 $1.62 Support for dYdX/USD is present at $1.27 The dYdX price analysis for 3 January confirms that dYdX faces increased selling pressure as the price drops below $1.5. Currently, there’s a strong domination from both buyers and sellers. dYdX price analysis 1-day chart: dYdX price drops below $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 declined toward $1.5; however, it faces minor buying pressure from bulls. The 24-hour volume declined to $13.7 million, plunging interest in trading today. dYdX is trading at $1.47, dropping 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 43, 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 strengthen their position as they 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 bullish region at 0.82, showing that long-term sellers are taking a chance to accelerate an upward trend. However, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative momentum, strengthening short-position holders’ confidence. dYdX technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 1.78054 SELL SMA 5 $ 1.74437 SELL SMA 10 $ 1.621187 SELL SMA 21 $ 1.684969 SELL SMA 50 $ 1.650317 SELL SMA 100 $ 1.329677 BUY SMA 200 $ 1.292591 BUY Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $ 1.634776 SELL EMA 5 $ 1.741283 SELL EMA 10 $ 1.875171 SELL EMA 21 $ 1.88065 SELL EMA 50 $ 1.65434 SELL EMA 100 $ 1.460609 BUY EMA 200 $ 1.510895 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 $1.6254, it will fuel a bullish rally to $2.0732. dydX price chart If bulls fail to initiate a surge, the dYdX price may drop below the immediate support line at $1.2772, beginning a bearish trend to $1.0999. 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 $1.5. 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 $1.5 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 Binance stops dYdX transactions on ERC20 Binance will stop supporting DYDX token deposits and withdrawals on the Ethereum network from February 12, 2025, at 02:00 UTC. Deposits via ERC20 after this date will not be credited, risking asset loss. Other networks for DYDX transactions on Binance will remain available. dYdX price prediction January 2025 December 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 $1.3. dYdX price prediction Minimum price Average price Maximum price dYdX price prediction January 2025 $1.3 $2 $2.6 dYdX price prediction 2025 The price of 1 dYdX is expected to reach a minimum level of $3.86 by the end of 2024. Traders and investors can expect a maximum level of $4.55 and an average price of $3.96 if the bulls show up. dYdX price prediction Minimum price Average price Maximum price dYdX price prediction 2025 3.86 3.96 4.55 dYdX price predictions 2026-2031 Year Minimum price ($) Average price ($) Maximum price ($) 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 2031 29.57 32.88 38.75 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 2031 Looking ahead to 2028, projections suggest a minimum price of $29.57 and a maximum price of $38.75 for dYdX, with an average price of $32.88. dYdX price prediction chart for 2025–2031 dYdX market price prediction: Analysts’ dYdX price forecast Firm Name 2025 2026 Coincodex $2.5 $3.8 Digital Coin Price $4.8 $7.9 Changelly $5.4 $12 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 (27 December, 2024): $1.63 Last Month (Dec. 1, 2024): $1.75 Four 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: $1.47 – $1.8
