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.
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 - Trend Prediction
DYDX - Price Volatility Prediction
DYDX - Relative Strength
DYDX - Momentum Forecast
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.