Technical analysis by CryptoAnalystSignal about Symbol DYDX: Buy recommendation (5/11/2025)

#DYDXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.We are looking for stability above the 100 moving average.Entry price: 0.706First target: 0.741Second target: 0.766Third target: 0.800