Technical analysis by CryptoAnalystSignal about Symbol DYDX: Buy recommendation (4/8/2025)

#DYDXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.5000.We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 0.543First target: 0.563Second target: 0.590Third target: 0.623#DYDXFirst target: 0.563 ReachedSecond target: 0.590 ReachedThird target: 0.623 Reached