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Investors can expect the following from DYDX, NEXO and RUNE

2023 07/17

The 4-hour chart of dYdX (DYDX) shows that the price was able to break above a descending trendline and managed to do so, before gaining 18%.

DYDX then attempted to overcome the price 1.62 resistance but failed. In other words, customers are swallowed by sales pressure.

This represents a forecast for the DYDX price to fall and test the required area between 1.28 and 1.36.

On the other hand, when looking at NEXO, it has not yet exploded. On top of that, there is an extraordinary amount of liquidity less than 0. The equivalent low is 55.

This means that investors can still predict that NEXO will continue to rise and collect stocks below 0. Liquidity investment 55.

Before NEXO falls, there is still a chance to test the trend line. Both the 30-day and 1-year MVRP of NEXO are negative, which shows that there may be a trend of rising first and then falling, which can be supported.

According to CoinMarketCap data, NEXO is currently worth $0.6122 after a price increase of 4.57%.

When looking at the chart above, you can see the 3.01 high time frame resistance level, which THORChain (RUNE) has been trying to retest.

Having said that, the liquidity of RUNE is still less than 1.74, which means that investors can estimate that the price will return to the 1.74 level. Although it will happen at this time, it is still unclear.

RUNE is currently trading at $2.15 after the price has increased by 80% in the last 24 hours. 80%.


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