• DYDX drops by 6.66% daily and 11.09% weekly under heavy market pressure.
• Technical indicators show DYDX holding firm near the $0.55–$0.58 support zone.
• RSI and MACD suggest consolidation, awaiting a clearer bullish signal.

DYDX continues to struggle under sustained selling pressure, with its value declining sharply. Over the last 24 hours, the token has fallen by 6.66%, deepening its weekly losses to more than 11%. At the time of writing, the token is trading at $0.5647.

However, the 24-hour trading volume has risen 12.5% to $18.43 million, indicating active participation despite the downtrend. Its market capitalization has slipped to $444.42 million, reflecting the broader weakness in investor sentiment.

Also Read: dYdX’s Bold 2025 Roadmap: Spot Trading, Staking Rewards, & Enhanced UX

DYDX Struggles After 2024 Recovery

In 2024, DYDX demonstrated resilience after mid-year volatility, recovering strongly toward the end of the year. This rebound helped offset earlier losses, resulting in a relatively balanced annual performance. The pattern highlighted the market’s capacity for recovery despite several sharp corrections.

Conversely, 2025 has unfolded with a weaker tone. The year began with steep declines, followed by minor rebounds that failed to establish sustained upward momentum. Unlike the strong recovery phase seen in 2024, this year has so far lacked a convincing turnaround. The ongoing downtrend reflects weaker market confidence, as traders face a more cautious environment amid persistent bearish sentiment.

DYDX Targets Bullish Recovery After Holding Support

The token is currently holding firm above a key support and resistance zone between $0.55 and $0.58, a pivotal area that has repeatedly flipped roles over recent months. Historical patterns show that each time the token entered this range, purchasing pressure gobbled up selling pressure, inducing attempts at short-term reversals.

Technical analysis supports this outlook. The decline was with moderate trading volume, and it suggests a temporary, but not mega, selloff weakness. If DYDX stays above $0.55 and purchasing momentum accumulates, short-term objectives are in the region of $0.70–$0.75, while a more distant move can touch $0.90.

Technical Indicators Reflect Mixed Signals

The Relative Strength Index (RSI) is 43.66, marking weak bullish pressure and soft bullish bias. It is mostly ranged in the region of 40 to 50 in the year 2025, marking the consolidation of the trend rather than a clear trend. It would take a cross above 50 to signify a more bullish trend.

On the other hand, the MACD records a modest bullish crossover as the MACD line crosses slightly higher than the signal line. While such a formation suggests reversal, both lines continue to fall below zero, signifying low strength.

The expanding positive histogram is narrowing, signifying deteriorating upward momentum. If the trend persists, a bullish crossover may form, supporting short-term vigilance despite DYDX’s solid defense around the support base.

Also Read: dydx (DYDX) Eyes Potential Surge, Targets $3 After Recent Gains