dYdX (DYDX) is exhibiting a bullish rounding bottom pattern on its daily chart, signaling a potential end to its downtrend. The pattern emerged following a rejection at $0.7738 in February 2025. Currently trading near $0.7452, DYDX is approaching the neckline resistance zone between $0.7250 and $0.7738. A breakout above $0.7738 could confirm a reversal, targeting $0.8597 initially, with a full breakout projection reaching $1.1340, suggesting a 51% upside potential. Traders should remain cautious of short-term pullbacks before a confirmed breakout.
dYdX (DYDX) Eyes Bullish Breakout with Rounding Bottom Pattern
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