dYdX Chain Aligns with EU Regulations as Price Eyes Key Resistance Levels

The dYdX Foundation recently released a whitepaper detailing how its blockchain, the dYdX Chain, complies with MiCA — the European Union’s new regulatory framework for cryptocurrencies.

This move aims to build confidence among protocol developers, regulators, and policymakers shaping the future of decentralized finance (DeFi).

Currently, dYdX (DYDX) is trading at around $0.67 with a 24-hour trading volume of over $25 million, showing a modest gain of 0.92%.

Source - Coinpedia Market 

Check out our full dYdX Price Prediction to see where the coin is headed in the future.

Technical Outlook: Accumulation and Breakout Potential

Analyst Trench highlights that dYdX is breaking out above a key pivot, testing the $0.75 resistance, with the critical level at $0.77, where a short squeeze could push prices up to $0.83.

However, support at $0.72 must hold; otherwise, the price might drop back to $0.69.

The Volume isn’t very strong, but price action is solid with bullish signals like MACD crossover and an RSI that is not overheated yet. Moving averages are providing support from below, adding confidence to the upward trend.

Also, Crypto Alpha notes that dYdX is trading inside a horizontal channel on the daily timeframe, signaling potential accumulation.

It has reclaimed its mid-level support, showing early strength.