Defi

Jupiter

<p>Defi tokens have started to surge recently following the rise in popularity of AI tokens. This comes as many altcoins begin entering a bull run period.</p>
<p>As<a href="https://twitter.com/Route2FI/status/1761298005917917366?t=02O73GxgMl5Gpjs9plZFvA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> Route2FI </a>noted on Twitter, “If you’re in AI, rotate to DeFi. $DYDX is pumping hard right now.” <a href="https://twitter.com/CryptoBull_360/status/1761271900884619383?t=d5Cw_8FM3n2nailZ-P_CnA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">CryptoBull_360 </a>also pointed to a “massive breakout” coming for DYDX based on analysis of the daily charts. He expected a “strong breakout towards $5.5 -$6 regions.”</p>
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<p>The price has now finally broken out above key resistance levels. As <a href="https://twitter.com/WorldOfCharts1/status/1761294081412501890?t=avYX6WeAYAEzHy7s1DbQJg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">WorldOfCharts1</a> stated: “$Dydx Moving As Expected &amp; Running In 25%+ Profit Since Breakout.” More analysis shows the resistance level that broke around $3.5 had been holding since November, making it over 3 months of consolidation before the recent breakout.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-1024x580.png" alt="" class="wp-image-443264" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-914.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>With DeFi tokens gaining steam and DYDX now breaking key resistance after months of range-bound action, the token could have substantial room to run if the bullish momentum continues. Analysts are watching for a potential move towards the $5.5 to $6 area if buying pressure remains strong.</p>
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<p>The post <a href="https://captainaltcoin.com/dydx-finally-breaks-out-of-3-month-resistance-analyst-who-called-the-move-reveals-target-to-watch/" rel="noopener noreferrer nofollow">DYdX Finally Breaks Out of 3-Month Resistance; Analyst Who Called the Move Reveals Target to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

DYdX Finally Breaks Out of 3-Month Resistance; Analyst Who Called the Move Reveals Target to Watch

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