Technical analysis by weslad about Symbol DYDX on 4/15/2025

The DYDX/USDT weekly chart outlines a complex corrective WXY structure with price currently approaching the Immediate Drop Target Zone (IDTZ) near $0.50. A failure here could lead to a drop toward the Extreme Demand Zone around $0.079. However, reclaiming $1.132 and breaking above the descending trendline could trigger a bullish reversal toward the Important Supply Zone ($4.42–$4.55).The corrective formation has turned into a potential falling wedge, the plan is to trade it as shared on the chart.Unexpected drop target hit, I personally did not see it happening.