Price Position and Structural State
dYdX (DYDX) closed at 0.1157 USDT on August 25, 2026, down 0.34%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.0953 USDT, with resistance near 0.1453 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
DYDX is trading above short-term moving averages but remains below longer-term resistance. MA9 at 0.113522 USDT can act as near-term support for the recovery attempt, while MA50 at 0.117786 USDT is the key level to reclaim for a broader trend shift. Short-term structure has improved, but longer-term moving averages still show overhead resistance.
Trading Friction and Price Efficiency
DYDX shows moderate trading friction, with a 3-day friction score of 43.6. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest fell -7.45% in one day and remains near the lower side of its 90-day range. This shows participation is weak and exposure is still being reduced.
Funding is positive on the 24-hour average at +0.010000%, with the 7-day average also positive at +0.010000%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 1.91 and has moved above its 30-day range. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
DYDX shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is strengthening. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.538 | 0.838 | 0.289 | Moderate linkage |
| 60D | 0.051 | 0.117 | 0.003 | Weak linkage |
| 180D | 0.331 | 0.768 | 0.11 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
DYDX's bands are opening, but the move still lacks full support. Bollinger Band width% reads 21.95, near the lower side of its full historical range. ATR% reads 6.91, close to the bottom of its full historical range. 20-day Volume Z-score is -0.04, showing near-normal participation.
Impulse and acceleration are improving, but broader momentum is still weaker. MACD histogram is positive and ROC14 is +2.30%, while RSI is 51.08.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. DYDX has a moderate link to that market condition, so market strength can still influence price behavior, while asset specific factors also matter.
Key Levels for the Next State Change
For DYDX, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.245 USDT establishes a bullish regime, while a daily close below 55-day support at 0.0953 USDT confirms a bearish regime.