Market Overview for dYdX/Tether (DYDXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Jan 7, 2026 5:55 pm ET1min read
USDT
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DYDX
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Aime RobotAime Summary

- DYDXUSDT price dropped sharply after hitting 0.2097 resistance, finding support at 0.1932–0.1941.

- Bearish momentum confirmed by MACD divergence and RSI near oversold 30, with elevated afternoon volume.

- Bollinger Bands show moderate volatility, with price clinging to lower bands during consolidation.

- Key levels at 0.2097 (resistance) and 0.1932–0.1941 (support) could dictate near-term directional bias.

- A close above 0.196 with rising volume may signal bullish reversal, but bearish pressure remains intact.

Summary
• Price declined sharply after an early breakout, finding resistance around 0.2097 and support at 0.1932–0.1941.
• MACD and RSI show bearish momentum, with RSI hovering near 30, suggesting oversold conditions.
• Bollinger Bands reflect moderate volatility; price remains near lower bands in the latter half.
• Turnover surged during the afternoon session, confirming bearish price action between 0.2097 and 0.1932.
• A strong rejection at 0.2097 and a potential test of 0.1932–0.1941 may define near-term sentiment.

24-Hour Performance


dYdX/Tether (DYDXUSDT) opened at 0.1989 on 2026-01-06 12:00 ET, hit a high of 0.2097, a low of 0.1932, and closed at 0.1948 as of 12:00 ET on 2026-01-07. Total volume reached 12,853,941.13 DYDX, with notional turnover of $2,539,368.78.

Structure and Momentum


Price formed a clear bearish reversal after breaking out to 0.2097, followed by a sharp decline to 0.1932. A bullish rejection at 0.1932–0.1941 appeared in the late session. The RSI bottomed near 30, indicating oversold conditions, while the MACD showed bearish divergence with negative histogram expansion.
A potential bullish reversal may be forming near 0.1941 if volume rises with a close above 0.196.

Volatility and Volume Profile


Bollinger Bands expanded during the breakout phase, narrowing in the afternoon as consolidation began. Price retested the lower band multiple times, suggesting lingering bearish sentiment. Notional turnover spiked during the 0.2097 to 0.1932 correction, indicating increased selling pressure. Volume remained elevated in the 15–20-hour window, suggesting institutional participation.

Key Levels and Fibonacci Implications


The 0.2097 level acted as a critical resistance, while 0.1932–0.1941 became a key support. A 61.8% Fibonacci retracement from 0.1932 to 0.2097 aligns with 0.1987, near which price consolidated before the late session rally. A break above 0.2097 could trigger a test of 0.2125, whereas a breakdown below 0.1932 may lead to a 0.1905 target.

Looking Ahead


Price appears to be in a consolidation phase near 0.1941, with a potential short-term bounce supported by oversold conditions. However, bearish momentum and key resistance at 0.2097 remain in place. A break below 0.1932 could accelerate the downward trend; investors should monitor for a rejection or breakout in the next 24 hours.