The dYdX exchange, known for its proprietary blockchain, is facing increased selling pressure as its price aims for a trend below $1. The token is experiencing bearish volatility, with indicators suggesting a downward trend. However, if buyers hold momentum above $1.1113, there may be a bullish rally to $1.31. The price of dYdX is expected to reach a minimum of $2.61 by the end of 2024 and could potentially trade above $5 by 2027. The future market potential for dYdX depends on factors such as buying demand, regulation, and investor sentiment. Additionally, the dYdX exchange has announced a 35% reduction in its workforce.



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