Technical analysis by sadraag about Symbol DYDX: Buy recommendation (7/5/2025)

# DYDX Breakout from Falling Wedge | Targeting $1.60+📈 **DYDX/USDT Analysis – Daily Timeframe**DYDX has just broken out of a falling wedge pattern – a classic bullish reversal formation – after holding a strong support zone around **$0.50**. This zone has acted as a reliable demand area for several months.---🔍 **Technical Highlights:**- ✅ Falling wedge breakout confirmed with daily candle close above resistance- 🟢 Strong support at $0.50–$0.52- ⚠️ Horizontal resistance at $0.75 may act as a short-term barrier- 🚀 Potential rally toward major resistance at **$1.60–$1.70** (target zone)---🎯 **Profit Targets:**- First Target: **$0.75**- Final Target: **$1.60 – $1.70**❌ **Invalidation (Stop-loss idea):**- If price breaks below $0.48 with volume, the bullish scenario may be invalidated.---📊 This setup is based on breakout structure and potential trend reversal. If volume confirms, this could be the beginning of a new mid-term uptrend.💬 Let me know what you think about this setup! Would love to hear your feedback.Let’s go 🚀🚀🚀🚀🚀