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DYDX/USD Finds Its Direction to the Upside

Terra Classic Price Analysis for 26th of September: LUNC/USD May Find Its New Support at the $0.00020516 Price Level

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Terra Classic Price Analysis for September 26: LUNC/USD May Find New Support at $0.00020516

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  1. DYDX Price Analysis for September 26: DYDX/USD finds its way up

After a brief consolidation in the DYDX/USD market that ended on August 11th, the market started to decline for 10 days, after which the bulls’ attempt to lift the market failed and led to another sideways market. The period of concentration of the market describes a very large indecision, but at some point the aggression of the sellers caused the market price to fall. But the downward movement did not last more than one day in each case. However, we see in today’s market that the bulls are doing an impressive job of pushing the price up. With the price currently balanced at $1.323, there is even more to cover if buyers take today’s market higher.

DYDX Market Price Statistics:

  • DYDX/USD price now: $1.323
  • DYDX/USD market cap: $ 86,708,495
  • DYDX/USD circulating supply: 65,569,295
  • DYDX/USD Total Supply: 1,000,000,000
  • DYDX/USD Coin Market Rank: #255

Key levels

  • Resistance: $1.50000, $2.0000, $2.5000
  • Support: $1.0000, $0.50000, $0.25000

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DYDX Market Price Analysis: Indicators Perspective

The market was stationary for 5 days. Buyers and sellers did not offer a price in either direction of the market. But on September 23, we saw a sign of a very small market price pull – an attempt to break out of a volatile market. However, it is only today that we are starting to see a decisive market move to a higher price level.

MACD depicts a bearish market that is below the indicator’s zero level. The MACD line now rises above the signal line as the height of the histogram increases upwards. The relative strength index also confirms that the market is recovering from the decline zone. Its RSI line is rising and now stands at 41%. Like the MACD indication, the RSI line is below the indicator’s 50% level.

DYDX Price Analysis for September 26: DYDX/USD finds its way up

DYDX/USD 4 hour chart view

The 4-hour time frame is not much different from the daily chart time frame. As we can see from the diagram, one session is missing. The first trading session was not shown on this chart. Buying activity only started in the third trading session. The candlestick representing the third trade is very bullish. So far, we don’t see any selling activity in the market at all. The RSI and MACD indications are quite similar to the daily session. The market is on the rise, but the pace is weak.

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