2025-11-13 23:27:49

An interesting signal has appeared on the DYDX chart - a falling wedge is converging. This pattern usually suggests that the price may break upward 📈.

The current price is hovering around $0.3165, with the target level given by the technical analysis at $0.3800. However, don't rush to enter; it's more prudent to wait for a confirmed effective breakout. 🚀 The narrowing wedge indicates that volatility is about to increase, so keep a close eye on changes in trading volume.

Can the price really stabilize and break through the level? We will see the results in the next few trading days.

DYDX-9.73%

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DegenDreamer

· 2025-11-16 21:50

I've heard the term wedge-shaped convergence too many times; every time they say it needs to break through, but what's the result? It's still just fluctuating around 0.3.

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PretendingToReadDocs

· 2025-11-16 16:36

I've heard the term wedge convergence too many times, the key is still whether the volume follows or not, otherwise it's just a false breakout.

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RetiredMiner