$DYDX 🙃
Three whales just dumped $13.9M DYDX.
Arcus launch on Robinhood Chain is here.
Price is holding above 0.115 though.
Spot Allocation 🔥 $DYDX
4H Key Levels
C: 0.12610
R: 0.13430
S: 0.11507
Accumulation Zone: 0.11507 – 0.12000
T1: 0.13430
T2: 0.14444
T3: 0.16000
0.13430 is the first real test for buyers.
DYDX is up roughly 7.6% today after bouncing off the 0.115 support, with 24-hour volume climbing to 24.06M DYDX. The Arcus launch — a DEX built on Robinhood Chain in partnership with Robinhood — initially caused confusion about dYdX Chain's governance. The Foundation clarified Arcus doesn't affect the dYdX Chain's operations, and $DYDX remains the governance and staking token.
If the 0.13430 resistance gets cleared, the next area of interest sits around 0.14444. Losing 0.11507 would put the 0.101 level back in play. With whales moving tokens to exchanges, the overhead supply is something to keep in mind.
Does the Arcus expansion change your view on dYdX, or is the token unlock and whale selling the bigger story here?
Three whales just dumped $13.9M DYDX.
Arcus launch on Robinhood Chain is here.
Price is holding above 0.115 though.
Spot Allocation 🔥 $DYDX
4H Key Levels
C: 0.12610
R: 0.13430
S: 0.11507
Accumulation Zone: 0.11507 – 0.12000
T1: 0.13430
T2: 0.14444
T3: 0.16000
0.13430 is the first real test for buyers.
DYDX is up roughly 7.6% today after bouncing off the 0.115 support, with 24-hour volume climbing to 24.06M DYDX. The Arcus launch — a DEX built on Robinhood Chain in partnership with Robinhood — initially caused confusion about dYdX Chain's governance. The Foundation clarified Arcus doesn't affect the dYdX Chain's operations, and $DYDX remains the governance and staking token.
If the 0.13430 resistance gets cleared, the next area of interest sits around 0.14444. Losing 0.11507 would put the 0.101 level back in play. With whales moving tokens to exchanges, the overhead supply is something to keep in mind.
Does the Arcus expansion change your view on dYdX, or is the token unlock and whale selling the bigger story here?