DYDX $25 Near Term, $100 Long

26 Eyl 2021

DYDX is forming a nice wedge, bouncing off of higher lows. Fundamentally speaking, this project is strong with trading volume and liquidity knipping at the heels of centralized exchanges. DYDX could be the most asymetric play in crypto given the macro factors at play like increasing regulation and limited options for leverage. Even with BTC dumping DYDX has recovered strong each time. Compared to trading on uniswap on ETH mainnet, fees are a joke for trades once you bridge over to Starkware L2. LONG DYDX.