The DYDX weekly chart shows the price is currently stuck at the tip of a descending wedge. A clean and decisive breakout above the resistance line would signal a significant change in the trend structure. Once the weekly candle closes firmly above the breakout level, the upside potential becomes promising.

The first resistance level is at the quarterly high of $0.7665, which corresponds to over 300% upside potential from the current price. Breakouts at the end of such wedges are often accompanied by explosive moves, and the key is to wait for the weekly candle to confirm the breakout rather than a false move. From a technical perspective, two major factors to validate the breakout are trading volume confirmation and the closing price remaining above the trend line.