$DYDX The market trend had indeed seen buyers pushing prices up before, but now it is clearly different. The trend has slowed down, moving in a bumpy manner, not stable at all, completely different from the previous smooth upward movement.
The market is now facing resistance, and sellers are starting to pull back. The buying power is slowly exhausting. This state of being unable to push and feeling unstable is actually a signal, usually indicating a potential correction, increasing the probability of prices moving downward.
In simple terms, the momentum that was previously pushing the price up is gone, selling pressure is starting to prevail, and caution is needed for a downward adjustment in the short term.
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DYDXUSDT
Perp
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