Philippine SEC Issues Warning on dYdX and Other Platforms
- Investor Advisory: The Philippine Securities and Exchange Commission has issued a warning that dYdX and six other crypto platforms are unregistered and lack the necessary licenses to offer securities, exposing investors to risks without regulatory protection.
- Risk Notification: The advisory is not a ban or criminal charge but serves as a caution for Filipino investors, indicating that losses incurred on these platforms may not be recoverable through local regulatory channels, thereby increasing the risk of investment losses.
- Regulatory Trends: This warning highlights a growing scrutiny from global regulators on decentralized finance platforms, particularly amid heightened volatility in the crypto markets, prompting investors to carefully assess the risks associated with using unregistered platforms.
- Follow-Up Monitoring: The Philippine SEC may issue follow-up advisories, especially if dYdX or other platforms respond, and investors should closely monitor the SEC's official releases for updates on regulatory developments.
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Technical Analysis for DYDX
Technical Sentiment Analysis for dYdX (Native) (DYDX). As of , dYdX (Native) (DYDX) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DYDX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DYDX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
dYdX (Native) (DYDX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0667 | 0.104 | 0.134 | 0.171 | 0.201 | 0.238 | 0.268 |
| Fibonacci | 0.104 | 0.13 | 0.145 | 0.171 | 0.197 | 0.212 | 0.238 |
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