Technical analysis by CryptoAnalystSignal about Symbol DYDX: Buy recommendation (6/4/2025)

#DYDXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.We are experiencing a rebound from the lower boundary of the descending channel. This support is at 0.566We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.We are heading towards stability above the 100 moving average.Entry price: 0.575First target: 0.584Second target: 0.592Third target: 0.602