$2.13
$-0.06 (-2.63%)
End-of-day quote: 2022-10-17
DYDX/USD

Is dYdX doing well?

Yes, since May 16, 2022, dYdX has been continually going up, increasing 107.6 percent. The 200-day line is +37.06 percent away from where the price is now. It's -18.81 percent away from the 100-day line and -31.88 percent from the 50-day line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The dYdX Forecast for 2023

Let's look at the one-year forecast since it is the most accurate of the analysts' predictions.

Analysts offered a wide range of forecasts for the dYdX price over the next year. The most optimistic forecast for the price target was $2.47, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $1.87.

The most up-to-date average price target for the year ahead is $2.13.

That would represent a potential gain of 0.18 percent.

DYDX - Relative Strength Forecast

dYdX has broken the 25 strength line from below on 2022-07-15 and then changed into a strong trend, which thereby generated buy signals that lasted one month. Mid Aug 2022 we see how the relative strength rises from below 25 to above 25. Thus, dYdX has been in a buy signal since 2022-08-20.

DYDX - Trend Prediction

DYDX - Price Volatility Prediction

From 09/12/2022 we see a strong dYdX above the moving average causing rising prices of dYdX. From early Oct 2022 we then see a strong dYdX, which then triggers a buy signal.

DYDX - Relative Strength

From 10/02/2022 to 10/03/2022 dYdX was so oversold that this led to a reversal trend. Mid Oct 2022 we then see dYdX developing more and more strength, which is a buy signal.

DYDX - Momentum Forecast

Late Oct 2022 dYdX left the overbought zone to the downside, resulting in a short-term negative change in trend. In October we then see weak volatility for dYdX for a longer period of time which led to negative signals for dYdX.

What Does the Future Hold for dYdX In 2025-2030?

dYdX's long-term prospects look promising. The average price target for dYdX by the end of 2020 was $2.14, according to fifteen analysts. Their five-year forecast projects the price of dYdX to be $2.15 by 2025. By 2030, the long-term prediction is $2.16.