dYdX Price Prediction: 2024, 2025, 2030
dYdX’s price at the same time last week was $1.23. It has moved by 3.98 % in the past week and is currently at $1.26. Infact, in the past 24 hours, ETHDYDX has dumped by -2.37 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and ETHDYDX could hit $2.16 in 2025.
The total circulating supply of dYdX as of writing this article was $453368818.42 and the marketcap of ETHDYDX remains at $571,880,066. dYdX price in the longer term is expected to reach a high of $9.39 in 2035.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
DYDX price prediction: Key highlights
1. Primary support and resistance levels
- An examination of the weekly chart highlighted $4.0 as the highest resistance.
- Meanwhile, $0.8 was found to be the lowest support.
2. Market sentiment
- The dominant market sentiment remains bearish in September 2024.
3. Predictive forecasts
- Based on our AI/ML predictive algorithms, the average price of DYDX is projected to be $3 in 2031 and $7 in 2035.
Stay informed on DYDX’s future trajectory via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:
DYDX technical analysis: Downtrend drags asset to new lows
The migration of ETHDYDX (dYdX v3’s governance token) to the native chain token (DYDX) has garnered substantial hype among investors. Therefore, an analysis of the weekly chart provides a comprehensive understanding of its price movements and potential future trends, laying the groundwork for the dYdX price prediction for 2024 and beyond.
The initial months were marked by stagnant price movement, as the token stabilized at $1.8. A bullish rally in late October infused optimism into the market, driving the asset to reach its highest resistance of $4.0 in mid-November.
Yet, it could not move past $3.4. The level was tested repeatedly until early December, resulting in a rejection. AMBCrypto highlighted that the platform unblocked 150 million DYDX tokens worth $465 million on December 1, 2023. Consequently, exchange inflows spiked, increasing the selling pressure.
By January 2024, the declines were contained at $2.3. After that, the uptrend resumed, gaining further momentum by the following month. This culminated in DYDX reclaiming $3.4 by the end of February to retest the peak resistance in March.
Concurrently, the token peaked at an all-time high (ATH) of $4.5. Due to investors’ profit-taking, the market turned red from mid-month. A series of declines returned the token to $1.8 by mid-April. The bearish stronghold did not let this base sustain as it was reinstated as a resistance by mid-June.
Subsequently, the price fell to $1.1. A report by AMBCrypto disclosed that dYdX suffered a security breach in late July. This breach occurred not long after Bloomberg indicated that dYdX v3 was on the market for sale. Furthermore, the report pointed out that the price could drop below its historical low on the weekly chart.
This materialized as DYDX hit a new all-time low (ATL) on August 5. This effectively made $0.8 the lowest established support on the higher time frame. After a failed test of $1.1 in mid-month, the price pulled back to the previous level and has since maintained proximity to it. At the time of writing, it traded at $0.9.
If the downtrend continues, the price can likely fall below its current base to make new ATLs. Notwithstanding, a resurgence of buying pressure would allow for a recovery, with the immediate target being $1.1. A move over $1.8 would turn the trend bullish, opening the way to retesting $3.4.
Our predictive models anticipate this might not happen until 2031, when the average price would be around the peak barrier. Moreover, future predictions envision a minor increase in value, with the price reaching $7 by 2035.
DYDX's 2024 roadmap: Key indicators to watch and trade
- The Relative Strength Index (RSI) moved above the 50 line in late October. It maintained the dominant position until April, albeit with a brief dip in January.
- Afterward, the indicator remained below 50, dropping into the oversold region in early and late August. At press time, it stood at 34.10, indicating a bearish sentiment.
- The On-Balance Volume (OBV) ascended from October to late November. After a decline, its ascent resumed in late January and lasted until March.
- Following this, the indicator again descended until early August. It closed the analysis period at 662.938 million, reflecting increased buying pressure.
- The trading volume recovered to support the price rallies. However, it returned to its bearish lows from late March with the downtrending price.
dYdX Price Prediction
dYdX has had an eventful 2023. To simplify the latest ETHDYDX price prediction, we have divided up the prediction by short term dYdX price prediction and long term dYdX price prediction. As of writing this article, ETHDYDX had a trading volume of 99,162,845. dYdX has gone up by 23.66% in the past 30 days.
According to our analysis in the short term, dYdX price prediction for January 2025 shows the average price of ETHDYDX at 1.52 and the highest possible price for January 2025 would be $1.63.
Further, according to our analysis in the long term, dYdX price prediction for May 2025 shows the average price of ETHDYDX at 1.61 and the highest possible price for May 2025 would be $1.73.
dYdX's Short Term Price Prediction
Date | Avg Price | Lowest Price | Highest Price |
19 November 2024 | $1.33 | $1.23 | $1.42 |
20 November 2024 | $1.33 | $1.24 | $1.43 |
21 November 2024 | $1.34 | $1.25 | $1.43 |
22 November 2024 | $1.35 | $1.25 | $1.44 |
27 November 2024 | $1.38 | $1.28 | $1.48 |
2 December 2024 | $1.42 | $1.32 | $1.51 |
12 December 2024 | $1.48 | $1.38 | $1.59 |
dYdX price prediction 19 November 2024: dYdX's price for 19 November 2024 according to our analysis should range between $1.23 to $1.42 and the average price of ETHDYDX should be around $1.33.
dYdX price prediction 20 November 2024: dYdX's price for 20 November 2024 according to our analysis should range between $1.24 to $1.43 and the average price of ETHDYDX should be around $1.33.
dYdX price prediction 21 November 2024: dYdX's price for 21 November 2024 according to our analysis should range between $1.25 to $1.43 and the average price of ETHDYDX should be around $1.34.
dYdX price prediction 22 November 2024: dYdX's price for 22 November 2024 according to our analysis should range between $1.25 to $1.44 and the average price of ETHDYDX should be around $1.35.
dYdX price prediction 27 November 2024: dYdX's price for 27 November 2024 according to our analysis should range between $1.28 to $1.48 and the average price of ETHDYDX should be around $1.38.
dYdX price prediction 2 December 2024: dYdX's price for 2 December 2024 according to our analysis should range between $1.32 to $1.51 and the average price of ETHDYDX should be around $1.42.
dYdX price prediction 12 December 2024: dYdX's price for 12 December 2024 according to our analysis should range between $1.38 to $1.59 and the average price of ETHDYDX should be around $1.48.
dYdX's Long Term Price Prediction
dYdX’s long term Price Prediction below is a look at ETHDYDX’s future prospect with regards to price. dYdX was last seen at $1.26, with a market cap of $571,880,066 and trading volumes of $99,162,845. ETHDYDX’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
Years | Avg Price | Lowest Price | Highest Price |
2024 | $1.52 | $1.22 | $1.83 |
2025 | $1.80 | $1.44 | $2.16 |
2026 | $1.91 | $1.53 | $2.29 |
2027 | $2.35 | $1.88 | $2.82 |
2028 | $2.97 | $2.37 | $3.56 |
2029 | $2.75 | $2.20 | $3.30 |
2030 | $2.99 | $2.39 | $3.58 |
2031 | $4.63 | $3.70 | $5.56 |
2032 | $4.99 | $3.99 | $5.99 |
2033 | $5.26 | $4.21 | $6.32 |
2034 | $7.54 | $6.03 | $9.05 |
2035 | $7.82 | $6.26 | $9.39 |
dYdX price prediction 2024: dYdX's price for 2024 according to our analysis should range between $1.22 to $1.83 and the average price of ETHDYDX should be around $1.52.
dYdX price prediction 2025: dYdX's price for 2025 according to our analysis should range between $1.44 to $2.16 and the average price of ETHDYDX should be around $1.80.
dYdX price prediction 2026: dYdX's price for 2026 according to our analysis should range between $1.53 to $2.29 and the average price of ETHDYDX should be around $1.91.
dYdX price prediction 2027: dYdX's price for 2027 according to our analysis should range between $1.88 to $2.82 and the average price of ETHDYDX should be around $2.35.
dYdX price prediction 2028: dYdX's price for 2028 according to our analysis should range between $2.37 to $3.56 and the average price of ETHDYDX should be around $2.97.
dYdX price prediction 2029: dYdX's price for 2029 according to our analysis should range between $2.20 to $3.30 and the average price of ETHDYDX should be around $2.75.
dYdX price prediction 2030: dYdX's price for 2030 according to our analysis should range between $2.39 to $3.58 and the average price of ETHDYDX should be around $2.99.
dYdX price prediction 2031: dYdX's price for 2031 according to our analysis should range between $3.70 to $5.56 and the average price of ETHDYDX should be around $4.63.
dYdX price prediction 2032: dYdX's price for 2032 according to our analysis should range between $3.99 to $5.99 and the average price of ETHDYDX should be around $4.99.
dYdX price prediction 2033: dYdX's price for 2033 according to our analysis should range between $4.21 to $6.32 and the average price of ETHDYDX should be around $5.26.
dYdX price prediction 2034: dYdX's price for 2034 according to our analysis should range between $6.03 to $9.05 and the average price of ETHDYDX should be around $7.54.
dYdX price prediction 2035: dYdX's price for 2035 according to our analysis should range between $6.26 to $9.39 and the average price of ETHDYDX should be around $7.82.
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FAQs about dYdX
dYdX’s current price is $1.26 and witnessed a -2.37% decrease in the past 24 hours. ETHDYDX/BTC pair saw a -3.86% decrease in the past 24 hours
Investing in dYdX, ETHDYDX will purely depend on your personal risk appetite. As you can see over the past 24 hours dYdX’s price has witnessed a -2.37% decrease and over the past 30 days dYdX has increase by 23.66%. So it all depends on if this investment will hit your trading goals.
According to our latest dYdX Price prediction for 2024, ETHDYDX should vary between $1.83 and $1.22. Please keep in mind that the crypto market is very volatile and this dYdX price prediction does not account for extreme wild swings in price.
As per the dYdX price prediction 2024 model above, ETHDYDX’s price for November 2024 should range between $1.22 to $1.83 with the average price for November being $1.52
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2025 would be $1.80. This price would however would range from $2.16 and $1.44.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2026 would be $1.91. This price would however would range from $2.29 and $1.53.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2027 would be $2.35. This price would however would range from $2.82 and $1.88.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2028 would be $2.97. This price would however would range from $3.56 and $2.37.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2029 would be $2.75. This price would however would range from $3.30 and $2.20.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2030 would be $2.99. This price would however would range from $3.58 and $2.39.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2031 would be $4.63. This price would however would range from $5.56 and $3.70.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2032 would be $4.99. This price would however would range from $5.99 and $3.99.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2033 would be $5.26. This price would however would range from $6.32 and $4.21.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2034 would be $7.54. This price would however would range from $9.05 and $6.03.
According to the dYdX Price Prediction model above, ETHDYDX’s price in 2035 would be $7.82. This price would however would range from $9.39 and $6.26.
The highest price for dYdX was recorded in 30 September 2021 during which ETHDYDX hit an All Time High of $27.86
The price of 1 dYdX according to current market rate is $1.26