dYdX

Aevo

Date: Fri, Dec 06, 2024, 12:13 AM GMTThe cryptocurrency market continues its bullish trajectory, highlighted by Bitcoin&#39;s (BTC) historic milestone of crossing $100,000. Alongside this, altcoins are gaining traction as BTC dominance declines, currently standing at 55.75%, down from its recent peak of 61.53%.Two standout tokens, dYdX (DYDX) and Aevo (AEVO), have shown noticeable gains today, with monthly performances of 116% and 90%, respectively. However, both tokens are now approaching critical resistance levels, presenting a make-or-break scenario for traders.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c3c86e75581949c68bc8e2fae928e569.png" /><h3 id="dydx-dydx">dYdX (DYDX):</h3>DYDX has captured traders&#39; attention with its impressive 116% rally over the past 30 days. The token has rebounded strongly from its bottom of $0.90, climbing to its current price of $2.27. This places it within a crucial resistance zone between $2.23 and $2.49, a region that has previously acted as a barrier.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3e021ddc842a4bf18938e4208606cc4f.png" />A breakout above $2.49 could propel DYDX toward its next resistance at $3.74, representing a potential 50% rally from the current zone. Sustained bullish momentum might even drive prices to $4.54, offering a substantial upside opportunity.<h3 id="aevo-aevo">Aevo (AEVO):</h3>AEVO has also been on a tear, surging 90% over the past month. The token has reversed from a low of $0.30 to its current level of $0.59, positioning itself within a resistance range of $0.56 to $0.61.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/bb1e304b38074ef7894037c4e71c4469.png" />If AEVO breaks above $0.61, it could rally toward $1.13, offering an 86% upside from its current resistance. With strong market support, the next target could be $1.88, signaling a significant bullish continuation.<h3 id="what-to-expect-ahead">What To Expect Ahead?</h3>Both DYDX and AEVO are positioned at pivotal resistance levels that could determine their near-term trajectories. The recent decline in Bitcoin&#39;s dominance could further fuel altcoin performance, providing an opportunity for DYDX and AEVO to shine. However, rejection at these resistance zones could lead to short-term corrections, offering potential re-entry points for traders.A successful breakout for DYDX above $2.49 or for AEVO above $0.61 would likely attract further buying interest, driving prices higher in the coming weeks. Traders should monitor volume and macro market conditions closely to gauge the likelihood of these breakouts.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/mina-and-snx-poised-for-key-breakouts-are-bigger-rallies-on-the-horizon/" rel="noopener noreferrer nofollow">MINA and SNX Poised for Key Breakouts: Are Bigger Rallies On The Horizon?</a>

DYDX and AEVO Approaching Key Resistance Levels: What To Expect Ahead?

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