DYDX is back to potential buy zone

evasivesteering Updated   
Last time, DYDX trade had reached the 100% target (see link below in Related Ideas). Since then, DYDX has continued to decline and its prices are back to the weekly support area.

One reason was that the hype on DEXs didn't last long (after the fall of the CEX FTX). We can see that it's still soon for CEXs to get a sustained attention from long-term investors.

In my opinion, it is an interesting moment to keep an eye on DYDX for both short-term trade and long-term hold.

DYDX will be among the coins with highest inflation in 2023. Supply in january 2023 will double. So we should pay attention on mid and longterm hold.


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