DYDX Price Slumps Below $0.65, Facing Pressure Near $0.55 Support

DYDX has fallen below $0.65, indicating increased pressure in the market as traders await a turning point. The token’s recent bearish ABCD pattern may lead to support near the $0.55–$0.57 range, where bulls need to find strength to push price higher. 8-hour chart data from Alpha Crypto Signal shows this drop coincides with the pattern’s completion, and current momentum favors sellers. Market cap has also experienced significant volatility over the past six days, falling by nearly $90 million.