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dYdX price prediction 2024 – 2030: Will dYdX hit $10?

Key Takeaways

  • dYdX price faces volatility around $1.58.
  • 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

CryptocurrencydYdX
TokendYdX
Price$1.58
Market Cap$611.61M
Trading Volume$36.99M
Circulating Supply643.93M dYdX
All-time High$4.53
All-time Low$0.8067
24-hour high$1.12
24-hour low$1.09

dYdX price prediction: Technical analysis

MetricValue
Current Price$1.58
Price Prediction$ 3.23  (226.16%)
Fear & Greed Index69 (Greed)
SentimentBearish
Volatility9.46%
Green Days16/30 (53%)
50-Day SMA$ 0.974762
200-Day SMA$ 1.459201
14-Day RSI48.13

dYdX price analysis: dYdX faces a rejection around $1.7

TL;DR Breakdown:

  • dYdX price analysis shows that dYdX is facing selling demand.
  • Resistance for dYdX is present at $1.6766
  • Support for dYdX/USD is present at $1.5342

The dYdX price analysis for November 28 confirms that dYdX is facing increased selling pressure after rejecting $1.7. Currently, there’s a strong domination from both buyers and sellers.

dYdX price analysis 1-day chart: dYdX price faces rejection at $1.7

1.58An 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 $1.6; however, it is facing minor buying pressure from bulls. The 24-hour volume has declined to $30.5 million, plunging interest in trading today. dYdX is trading at $1.58, decreasing by over 4% in the last 24 hours.

dYdX shows bullish volatility

The RSI-14 trend line has surged from its previous level but currently trades above the midline at 63, hinting that bullish 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.

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dYdX price chart

The BoP indicator trades in a bearish region at 0, 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)

PeriodValueAction
SMA 3$ 0.999137SELL
SMA 5$ 1.026175SELL
SMA 10$ 1.008047SELL
SMA 21$ 1.035951SELL
SMA 50$ 0.974762BUY
SMA 100$ 1.014133SELL
SMA 200$ 1.459201SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$ 1.014938SELL
EMA 5$ 0.99862SELL
EMA 10$ 0.973451BUY
EMA 21$ 0.95601BUY
EMA 50$ 0.974783BUY
EMA 100$ 1.120012SELL
EMA 200$ 1.491762SELL

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 $1.6766, it will fuel a bullish rally to $1.8406.

dYdX price chart

If bulls fail to initiate a surge, the dYdX price may drop below the immediate support line at $1.5342, beginning a bearish trend to $1.3864.

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 dropped below the crucial $1 support line. This created a surge in stop-loss orders for holders. 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 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.

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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 November 2024

October was a rollercoaster month for dYdX as increasing trading volume pushed dYdX price above the $1 mark. However, the current trend suggests a bearish pullback in the dYdX price. Is there hope for a turnaround in November?

dYdX’s price might attempt to surge toward $1.4 from its recent low and be pushed further, at least $1.8 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation around $0.8.

dYdX price predictionMinimum priceAverage priceMaximum price
dYdX price prediction November 2024$0.8$1.4$1.8

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 predictionMinimum priceAverage priceMaximum price
dYdX price prediction 2024$2.61$2.7$2.8

dYdX price predictions 2025-2030

YearMinimum price ($)Average price ($)Maximum price ($)
20253.863.964.55
20265.916.116.74
20278.148.459.96
202811.7412.1614.45
202917.0617.6720.6
203023.7424.4529.58

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 Name20242025
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 $1.5, a maximum level of $2, and an average price of $1.62 by the end of 2024. 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 (Oct. 25, 2024): $1.12
  • Last Month (Oct. 1, 2024): $1.04
  • Three Months Ago (Aug. 1, 2024): $1.20
  • 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 (November): $0.937 – $0.948

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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