DYDX Falls into Oversold Territory; MACD and EMAs Signal Bearish Continuation, 0.0948USD Key Support
DYDX (DYDX/USDT) traded around $0.1104 on Feb 10, 2026, slipping ~6% in 24h with 24h volume near $18–23M. Technical indicators point to dominant bearish momentum: RSI(14) sits in deep oversold territory (~24), MACD shows a negative histogram and bearish crossover, and price remains below EMA20/EMA50/EMA200. Key levels: resistances at $0.1121, $0.1260 and $0.1992; supports at $0.1059 and critical $0.0948 (score 83/100), with a distant lower target at $0.0205 if breakdown occurs. Short-term reaction bounces are possible given oversold RSI, but lack of volume reduces the odds of sustainable recovery. BTC weakness (trading near $68.6k) adds downward pressure—failure of BTC to reclaim higher levels raises risk of DYDX testing $0.0948 or lower. A clear break above $0.1059 (and then EMA20) would be required to shift momentum. Analysis emphasizes monitoring RSI divergence formation, MACD histogram moving toward zero, volume confirmation, and BTC moves for trading decisions. Not investment advice.
Bearish
The analysis shows multiple bearish confirmations: RSI deep in oversold territory but not yet confirming divergence, MACD negative histogram with completed bearish crossover, and price below short-, medium- and long-term EMAs. Volume is moderate-to-weak, reducing the likelihood that any RSI-driven bounce becomes a sustained reversal. Multi-timeframe support/resistance mapping highlights 0.0948USD as a high-probability downside test; BTC’s concurrent weakness increases correlation-driven pressure on DYDX. Historically, similar setups—MACD bearish crossover, price below EMA ribbon, and weak volume—have led to trend continuation and testing of lower supports before meaningful recoveries. Short-term traders might exploit quick oversold bounces with tight stops, but swing traders should await MACD histogram contraction toward zero, RSI recovery above 30–50, and volume confirmation or a BTC-led market turn before positioning long. Conversely, a decisive break above $0.1059 and EMA20 would shift the bias toward neutral/bullish. Overall, risk skewed to the downside until technical confirmation of reversal appears.