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$DYDX is showing a strong bounce after a healthy consolidation near the key support zone of a Symmetrical Triangle pattern on the 1D chart. The price action suggests that buyers are gradually gaining control, increasing the probability of an upside breakout.
If the breakout is confirmed with strong volume, we could witness a decisive bullish rally following our projected path, targeting $0.25+ in the mid-term. As long as the major support holds, the overall structure remains bullish and traders should keep a close eye on the upcoming price movement.
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