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DreamAnalysis | DYDXUSDT Breaking the Last Support ?👋 Welcome back to your favorite channel, DreamAnalysis! Today, we're diving deep into one of the major utility coins in the crypto space, DYDX, and evaluating its future potential. 🔍 What is dYdX? dYdX is a decentralized exchange (DEX) platform that specializes in advanced financial derivatives, margin trading, and spot trading. Built on Ethereum, it offers users the ability to trade perpetual contracts, engage in margin trading, and even participate in lending and borrowing. Unlike simpler DEXs, which only provide token swaps, dYdX offers more complex services in the decentralized finance (DeFi) space. 📊 Weekly Timeframe Analysis: In the weekly timeframe, DYDX has reached its final major support level, and if this level is lost, we could witness a significant drop. If you're holding this coin, I recommend exiting your positions below this key support of 0.8396. The current weekly candle is an engulfing candle, indicating strong selling pressure. It has engulfed several prior candles, suppressing buyers, and comes with significant selling volume. I wouldn’t consider buying this coin again until it breaks the daily resistance at 1.1266. Right now, I’m focusing on other projects with more bullish potential. 📈 Daily Timeframe Analysis: On the daily timeframe, we are also testing the last significant support. According to Dow Theory, the fact that we have set a lower high indicates increasing selling pressure. Given that this is the final support level, we can calculate potential downside targets using Fibonacci retracement. If DYDX breaks the 0.8396 support, the next targets are: 0.6726 , 0.5609 ⏳ 4-Hour Timeframe Analysis In the 4-hour timeframe, the dominance of sellers is obvious, as shown by the large red candles and the failure to reach the 1.2269 resistance level, followed by a sharp drop to the current key support. 📉 Short Position: Before opening a short position, it’s better to wait for a minor pullback and a lower high to set a better stop-loss point. However, if 0.8261 is broken, I’ll consider opening a short position. 📈 Long Position: At the moment, there are better coins to consider for long positions, such as SUI and FTM. DYDX is not currently in my long position strategy. 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze. 📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
Short
by DreamAnalysis
3
Velodrome Finance (VELO) is a sleeping giant. Hidden 100x gem?After diving deep into Velodrome Finance's documentation and dApp, it's become crystal clear that VELO is destined to become a top 20-30 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why: 1. Massive Liquidity and Total Value Locked (TVL) VELO has an impressive amount of liquidity and demand, and it's only growing: Velodrome's TVL recently hit $97 million, a significant milestone. It's the top DEX on both Optimism and MODE chains, showcasing its dominance. VELO is currently ranked #24 in spot volume across the entire DeFi ecosystem—out of thousands of dApps. This level of liquidity is crucial for several reasons: It provides stability and reduces slippage for traders. It attracts more users and projects to the ecosystem. It demonstrates strong confidence from investors and users. 2. Innovative Tokenomics and Yield Generation Velodrome's tokenomics model is designed to encourage long-term holding and participation: Users can lock VELO tokens for up to four years, receiving boosted rewards. This lock-up mechanism could potentially create supply squeezes, driving up the token's value. The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens. 3. Strategic Position on Multiple Chains Velodrome's role as the largest DEX on Optimism and MODE provides several advantages: It's expanding to even more chains, including FRAX, LSK, METAL, and BOB. As a key player in the Superchain ecosystem, VELO is well-positioned to benefit from cross-chain growth. Low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Velodrome. 4. The Coinbase Factor and Marketing Potential The connection to Coinbase is a game-changer: VELO is already listed on Coinbase, providing exposure to a large user base. This early Coinbase listing is a huge factor in its potential growth. 5. Comparative Market Analysis When comparing Velodrome to other successful DEXes, the growth potential is enormous: With a current market cap of only $85 million and a fully diluted valuation of $192 million, VELO is significantly undervalued compared to its peers. As the "little brother" of Aerodrome, VELO has similar fundamentals but at a much lower valuation. 6. Potential for Major Exchange Listings VELO has yet to be listed on some of the largest cryptocurrency exchanges: VELO is not currently available on major platforms like Binance and Bybit. Listing on these exchanges could potentially provide a significant boost to VELO's liquidity and accessibility. 7. VELO Price and Long-Term Potential The potential for significant price appreciation is a key factor in VELO's appeal: I can confidently say that VELO's current price might look like a dream in the next 1-2 years. Right now, it's sitting at $0.10, but I recommended it to my followers when it was under $0.05. The upside potential here is enormous. I wouldn't be surprised if VELO does a 25x from its current price. Price prediction is anywhere from $2.5 to $10+ With all the data and liquidity I'm seeing, a 100x or higher doesn't seem far-fetched at all. Conservative estimates place potential future prices in the 25x range, with some optimistic projections even higher. 8. Sleeping Giant in the DeFi Space VELO is currently a sleeping giant in the DeFi space: It's vastly underrated and undervalued compared to its fundamentals. The token has never seen a bull market, meaning its true potential is yet to be realized. Getting in now could be considered very early, given its growth trajectory. Conclusion VELO is a sleeping giant and it will take many people by surprise. It is in my top 10 list of newer coins that have never seen an alt season. If you think you are too late to AERO, you might be too early to VELO. While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly. COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT CRYPTOCOM:VELODROMEUSD GATEIO:VELODROMEUSDT BITMART:VELOUSDT COINEX:VELOUSDT
COINBASE:VELOUSDLong
by Coindatahouse
ONLY WAY IS UP - SUNDAEHear me now, the only way is up for SUNDAE. May drop down to the .004cent range but that will be a perfect buying opportunity. - current market cap is 12million - current TVL is 14.3million - Sundae Labs is already familiar with Hydra (which is under construction) but would drastically reduce fees and increase transaction speed - Governance to come - Reduced fees for SUNDAE holders to come SUPER UNDERVALUED. This will likely be a 200million DEX at minimum during the next bull run
Long
by seanders_
1
pancake swap ready for 400 % profit (cakeusdt)hello dear trader and investors this price action for cake with usdt pair and now cake in the QM bulish pattern after bitcoin retest supourt zone pancake collected liQ on the supourt zone and fundamentally: A multichain DEX PancakeSwap has recently announced a token burn event. As per the platform, the respective episode takes into account the burning of up to 9,039,859 NASDAQ:CAKE tokens with a value of up to $16 million. The company took to the social media platform X to disclose further details of this development. 9,039,859 NASDAQ:CAKE just burned – that’s $16M! PancakeSwap Commences a Token Burn of up to 9,039,859 NASDAQ:CAKE Tokens In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the NASDAQ:CAKE token’s supply and increasing its value. Apart from that, the post also offered insights into the trading fees. Additionally, it also discussed the activity across diverse sections of the platform. In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000 NASDAQ:CAKE tokens. These coins had a value of up to $156,000, denoting a more than 9% change from the previous week. Nonetheless, trading fees from Automated Maker V3 accounted for nearly 71,000 NASDAQ:CAKE coins. This figure equaled the value of up to $124,000, signifying a change of -50% from the previous week.
Long
by mehdi_kb
14
#CETUSUSDT #1D (ByBit) Descending wedge breakoutCetus Protocol regained 50MA support and looks good for bullish continuation, mid-term. ⚡️⚡️ #CETUS/USDT ⚡️⚡️ Exchanges: ByBit USDT, OKX Futures, KuCoin Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.7% Current Price: 0.11343 Entry Zone: 0.11331 - 0.10729 Take-Profit Targets: 1) 0.13344 1) 0.15086 1) 0.16829 Stop Targets: 1) 0.09094 Published By: @Zblaba $CETUS BYBIT:CETUSUSDT.P #CetusProtocol cetus.zone Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +42.0% | +73.5% | +105.1% Possible Loss= -35.1% Estimated Gaintime= 1-2 months
Long
by TradingOn
AEVO Corrected, But Now Has Potential to Rally 40%The chart displays an ascending triangle pattern, which is typically a bullish continuation pattern. Right Now AEVO has breakout and retest, it seems that the sellers are slowing down. From The 21-day EMA which is currently around 0.978. The price is slightly above the EMA, indicating a possible shift to a bullish trend as the price is starting to move above the average. Order Block: An order block is marked between 1.409 and 1.501. Order blocks are areas where large orders are placed, often leading to significant price reactions. This area might act as a strong resistance zone. Volume: There is a notable increase in trading volume marked on the chart, suggesting heightened interest and possibly indicating the strength behind the current price movement. Overall the Aevo price action look bullish for short term with potential to reach $1.3 - 1.4 #nfa
Long
by CryptoWizard_
RAY / USDT - Looking for a trend up to $5Raydium swap will grow as Solana grows. I see ray outperforming Solana in the mid to longer term (Weekly). Volume will only increase. In the shorter term (Daily) I'm expecting a continued trend up towards $5 and above. I have left the chart as simple as i could. This is one of my high conviction plays. This is not FA. Only a idea. I'm using smaller time frames to enter. Invalidation would be a brake of trend. If you have liked this chart please boost and leave a follow to be among my first 100 followers here on trading view.
Long
by WifiFugazi
1
CAKE Set For a Breakout As PancakeSwap Announces $25 Mln BurnPancakeSwap, a decentralized exchange platform on the Binance Smart Chain, announced a token burn of over 8.9 million NASDAQ:CAKE tokens, collected from trading fees across Automated Market Makers (AMM) Version 2 and 3. The $25 million token burn likely helped the NASDAQ:CAKE price recover from recent losses. The DeFi token, which was initially valued at $2.808, rose nearly 3% on the day after the announcement. The DEX burned 8,924,466 NASDAQ:CAKE tokens worth nearly $25 million. PancakeSwap had collected 119,000 NASDAQ:CAKE worth $332,000 as trading fees for its AMM Version 2 and 160,000 CAKE worth $448,000 for its AMM Version 3. The DEX is integrated with market makers on Ethereum and Binance Smart Chain to help traders execute their trades at a relatively low cost. The DEX recently announced plans to redirect NASDAQ:CAKE emissions from farming pools to bribe locker protocols and boost the liquidity of the DeFi token for users, which has no impact on NASDAQ:CAKE supply since it simply redirects emissions to liquidity pools.
Long
by DEXWireNews
CAKE/USDT > Highly Probable > Strong Bullish Weeks AheadHello everyone, first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in FEB 5th: & March 7th: NOW, I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT) both of which are drawn as paths on the chart. Scenario A: RED PATH / lower probability (30%) Scenario B: GREEN PATH / higher probability (50%) * what I clearly mean here is that there's a 20% chance for an unforeseen third path in which this idea is not valid anymore! ** please take the fact into account that PANCAKESWAP is of relatively small market cap and it's token's price is subject to strong fluctuations due to whale activity and big money moves. Have a great trading and always KEEP IT SIMPLE...
Long
by Ariyan_G
Long Orca to 8.73Traders, I’ve been at work testing some new indicators lately and they have been working very well so far. I want to give them a true test in predicting a pullback, but so far, they haven’t had that chance. Anyways, right now, they are all flashing green on ORCA. And it makes sense too. We’ve cracked the top of that down-trending channel, signaling that an upward break is coming soon. Additionally, we have very solid support on the underside of price. Finally, look at that beautiful bull flag that has formed. We are on the precipice of upward trajectory here. I’ve entered at 4.64 with a final target of 8.73, a SL of 3.61, and a RRR of 4.3. See you on the moon. Stew
COINBASE:ORCAUSDLong
by stewdamus
#TWT/BTC 12h (Binance) Falling wedge breakout and retestTrust Wallet Token pulled back to support and entered oversold territory in sats, looks like a great reward opportunity for a bounce towards 200MA daily. ⚡️⚡️ #TWT/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 9.2% Current Price: 0.00002342 Entry Targets: 1) 0.00002335 Take-Profit Targets: 1) 0.00003096 Stop Targets: 1) 0.00002081 Published By: @Zblaba $TWT BINANCE:TWTBTC #TrustWallet #BSC trustwallet.com Risk/Reward= 1:3.0 Expected Profit= +32.6% Possible Loss= -10.9% Estimated Gaintime= 1 month
Long
by TradingOn
3
BASE DEX AERO RUNNING RUNNING RUNNINGCoinbase released a chain called BASE BASE has been performing alright as a chain in relative standing. On a day to day basis its sitting roughly around 10th place in terms of overall dex volume. Behind chains like Eth, BSC, Sol, Arb and 5 others. This chain is a nice money maker for Coinbase as a company and is something Coinbase is likely to try hard to expand. Coinbase as a centralised exchange (and custodian) is esp interested in having exposure to the decentralised exchange space. The largest volume on BASE is AERO Aerodrome is getting the most volume on the BASE chain per DEX. It is also magnitudes higher in terms of total value locked. Aerodrome is fundamentally dominating the BASE space in terms of DEXes. This is why AERO is running hard and has plenty of upside in it as it is not already a large cap relative to crypto valuations. Let alone circulating market caps. Keep an eye out on AERO
COINBASE:AEROUSD
by SoftQuant
1
#UNIBOT/USDT 12h (Gateio) Falling wedge near breakoutUnibot pulled back to 100EMA support, looks ready to bounce and resume bullish from here. ⚡️⚡️ #UNIBOT/USDT ⚡️⚡️ Exchanges: Huobi.pro Signal Type: Regular Amount: 7.7% Current Price: 72.17 Entry Zone: 72.15 - 66.11 Take-Profit Targets: 1) 90.57 1) 106.72 1) 122.87 Stop Targets: 1) 51.19 Published By: @Zblaba $UNIBOT GATEIO:UNIBOTUSDT #Unibot #Telegram #Bot unibot.app Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +31.0% | +54.4% | +77.7% Possible Loss= -26.0% Estimated Gaintime= 10-30 days
Long
by TradingOn
SUNDAESWAP #SUNDAE still controlled by the PitchfanBut I do expect to escape it's shackles soon enough! Sundae is still down nearly 99% - and highlight's how timing when a #Crypto is launched is critical to painting an attractive chart. Launching during the bear market - this stood no chance of going up. But the risk reward on offer is hugely attractive for new buyers (at the pain of early investors of course) As a leading #DEX on #ADA this has a very good chance of performing decently this cycle. IMHO.
Long
by BallaJi
2