Market Overview for dYdX/Tether (DYDXUSDT) – 24-Hour Analysis

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Sunday, Nov 9, 2025 2:36 pm ET1min read
Aime RobotAime Summary

- DYDXUSDT traded between $0.3130–$0.3348, closing at $0.3311 with $10M volume.

- Bullish flag pattern formed near $0.3320 resistance, confirmed by post-15:00 ET volume surge.

- MACD turned positive, RSI at 58 shows moderate bullish momentum amid key Fibonacci support.

- Backtests show 66.7% win rate for RSI-based strategies, aligning with current breakout conditions.

Summary
• dYdX/Tether (DYDXUSDT) traded in a 24-hour range of $0.3130–$0.3348, closing at $0.3311.
• Key support and resistance levels were identified around $0.3270 and $0.3320.
• Volume surged after 15:00 ET, confirming a breakout attempt.

At 12:00 ET on 2025-11-09, DYDXUSDT opened at $0.3272, reached a high of $0.3348, dipped to a low of $0.3130, and closed at $0.3311. Total volume across 24 hours was 10,008,423.24 with a notional turnover of $3,225,627.22. The price appears to consolidate after an earlier volatile move, showing signs of indecision but with strong volume on the upside.

Structure & Formations


Recent price action formed a bullish flag pattern after a sharp rise to $0.3348. Key support levels are observed at $0.3270 and $0.3240, while resistance holds at $0.3320 and $0.3350. A doji at $0.3291–$0.3292 indicates potential exhaustion in the short-term bearish move.

Moving Averages


On the 15-minute chart, the 20-period MA is bullish at $0.3298, above the 50-period MA at $0.3285. On the daily timeframe, the 50-period MA at $0.3290 is below the 200-period MA at $0.3322, suggesting a mixed intermediate-term outlook.

MACD & RSI


The MACD crossed into positive territory late in the session, confirming bullish
momentum
. RSI reached 58 at the close, indicating moderate bullish pressure but not yet overbought conditions.

Bollinger Bands


Price has remained within the Bollinger Bands for most of the session, with a mild expansion in volatility following the $0.3320 retest. A break above the upper band could signal renewed strength, while a move below the lower band suggests a potential pullback.

Volume & Turnover


Volume spiked at $0.3320–$0.3348, especially during the 15:00–17:00 ET window, confirming a breakout attempt. However, the price failed to hold above $0.3320, indicating a possible lack of follow-through in buying pressure.

Fibonacci Retracements


On the 15-minute chart, the 61.8% Fibonacci level at $0.3298 and the 38.2% level at $0.3315 appear to have acted as key support/resistance zones. Daily Fibonacci levels from the $0.3130 low and $0.3348 high also highlight $0.3275 and $0.3300 as key areas for near-term action.

Backtest Hypothesis


The backtest of buying DYDX/USDT with an RSI oversold signal and holding for 3 days from 2022 to now showed a moderate edge, with a 66.7% win rate in 12 trials. The average gain was 5.53%, suggesting that a disciplined RSI-based approach could work in this market, especially when volume confirms the breakout. The recent RSI dip and volume spike appear to align well with the conditions that historically led to positive outcomes.