dYdX Analysis Today

Key Takeaways

• Current Price: $0.11304 (article_current_price).
• Overall Sentiment: Bearish across all detected timeframes. The composite technical score of 42/100 and on-chain score of 42/100 both sit below the neutral 50 midpoint, indicating weak structural momentum.
• Lower-Timeframe Conflict: No conflict — both the 15m and 30m charts show validated bearish wedge patterns with downward targets, reinforcing the short-term bearish bias.
• Key Risk: Sharp fee contraction. 24-hour fees declined by -63.09% on the day and -76.25% in the last hour, suggesting a rapid drop in network usage that could pressure price further.

Overview

• Important nuances: The overall technical score (42) and on-chain score (42) are identical, both below 50. The fundamental and social scores are not available. The RSI and MACD fields are listed as "n/a" in the summary, meaning no single RSI or MACD value is stored at the asset level.

dYdX is trading at $0.11304 as of the latest lower-timeframe chart snapshot. The composite technical score of 42/100 is below the neutral midpoint, reflecting weak indicator alignment. The on-chain score is also 42/100, sourced from DefiLlama. The overall score is not available because fundamental and social scores are missing. The 24-hour fee of $1,624.32 has dropped sharply, and the chain TVL of $77.12M has declined -4.92% over the past week. No DEX volume data is available for the last 24 hours.

Lower Timeframe Analysis (15m and 30m)

• Important nuances: Both timeframes show Wedge patterns with a neutral direction label, but the arrow direction is "down" and targets are validated. The 15m technical score (34) and 30m technical score (30) are both well below 50, indicating weak short-term momentum. The 30m score is the lowest of all timeframes.

15-Minute Chart: The pattern score is 57.29, above the 50 midpoint, indicating a moderately significant pattern. The analysis price is $0.11304 with 6 lines and 3 Wedge patterns (small, medium, large). The direction is down, and the target is valid at $0.11084, which is below the analysis price. The 15m technical score of 34/100 is well below neutral, suggesting that while the pattern is significant, the broader indicator set is weak.

30-Minute Chart: The pattern score is 49.13, just below the 50 midpoint, meaning the pattern is borderline significant. The analysis price is $0.11337 with 7 lines and 3 Wedge patterns (small, medium, large). The direction is down, and the target is valid at $0.11138, below the analysis price. The 30m technical score of 30/100 is the weakest of all timeframes, reinforcing the short-term bearish bias.

Both lower timeframes agree on a bearish direction, so there is no short-term conflict.

Higher Timeframe Analysis (1h and 4h)

• Important nuances: The 1h technical score (42) and 4h technical score (46) are both below 50. The 1h RSI indicator is 26, which is oversold. The 4h ADX is 22, indicating a weak trend. The 4h target of $0.07867 is significantly below the current price, representing a large projected move.

1-Hour Chart: The pattern score is 45.92, below the 50 midpoint, indicating a less significant pattern. The analysis price is $0.11337 with 6 lines and 2 Wedge patterns (medium, large). The direction is down, and the target is valid at $0.11235, below the analysis price. The 1h technical score is 42/100, reflecting weak indicators. The RSI indicator on the 1h timeframe is 26, which is in oversold territory.

4-Hour Chart: The pattern score is 41.25, below the 50 midpoint. The analysis price is $0.11539 with 8 lines and 3 Wedge patterns (small, medium, large). The direction is down, and the target is valid at $0.07867, well below the analysis price. The 4h technical score is 46/100, slightly higher than the 1h but still below neutral. The ADX indicator is 22, suggesting a weak trend, while the RSI is 64, which is not extreme.

On-Chain Context and Risks

• Important nuances: 24-hour fees dropped -63.09% on the day and -76.25% in the last hour. The fee-to-TVL ratio fell -63.13% in the last day. The chain TVL declined -4.92% over the past week. No DEX volume data is available for any period.

The on-chain score is 42/100, below the neutral 50 midpoint. This score is based on 37 filled metrics from DefiLlama. The most notable risk is the sharp decline in fees: 24-hour fees of $1,624.32 fell -63.09% in the last day and -76.25% in the last hour. The fee-to-TVL ratio also dropped -63.13% in the last day. Chain TVL stands at $77.12M, down -4.92% over the past week and -16.59% over the past 30 days. The chain inflow over the last 24 hours was $95,224.92, but the 7-day inflow is negative at -$3.99M, indicating net outflows. No DEX volume data is available, and stablecoin data is largely absent.

Confirmation and Invalidation Triggers

• Important nuances: All four timeframes have valid bearish targets. The 15m target is $0.11084, the 30m target is $0.11138, the 1h target is $0.11235, and the 4h target is $0.07867. No bullish targets exist to serve as invalidation triggers.

Confirmation Triggers: A break below the 15m target of $0.11084 would confirm the short-term bearish pattern. A move below the 30m target of $0.11138 would add further confirmation. On the higher timeframes, a break below the 1h target of $0.11235 and the 4h target of $0.07867 would confirm the longer-term bearish outlook.

Invalidation Triggers: Since all detected patterns are bearish, the primary invalidation would be a sustained move above the 15m analysis price of $0.11304 or the 30m analysis price of $0.11337. A move above the 1h analysis price of $0.11337 would also invalidate the short-term bearish setup. No upside targets are available to serve as invalidation levels.

Short-Term and Long-Term Read

Short-Term (days to a week): The setup leans bearish. All four timeframes show validated downward targets, and the lower timeframes agree on direction. The 15m and 30m technical scores are very low (34 and 30), suggesting weak momentum that aligns with the bearish pattern. The sharp drop in fees and declining TVL add on-chain weight to the bearish case. However, the 1h RSI of 26 is oversold, which could lead to a short-term bounce or consolidation before further downside. A cautious interpretation is that the data supports a bearish bias in the short term, with the 15m target of $0.11084 as the nearest downside reference.

Long-Term (weeks to months): The data does not yet support a bullish long-term read. The 4h target of $0.07867 is significantly below the current price, and the 30-day chain TVL decline of -16.59% suggests sustained capital outflows. The on-chain score of 42 and technical score of 42 are both below neutral, indicating no structural improvement. The lack of DEX volume data and the sharp fee contraction raise questions about network activity. A cautious interpretation is that the long-term setup remains bearish until on-chain metrics show sustained improvement or a bullish pattern emerges on higher timeframes.

For the latest data, visit the dYdX analysis hub.