Decentralized perpetual contract exchanges like dYdX have shown resilience during market volatility, with their platform tokens outperforming and trading volume market share rising. In the short term, investors assessing these tokens’ value should weigh multiple factors. While a high RSI may signal overbought conditions for dYdX, relying solely on technical indicators could mislead. Fundamental data, such as user growth, trading activity, and platform adoption, often provide a clearer picture of long-term potential. For instance, sustained user increases could justify holding despite elevated RSI, reflecting strong ecosystem demand. Conversely, stagnation in fundamentals might warrant caution, even with market momentum. Balancing these metrics—technical overextension against robust growth signals—helps investors make informed decisions in a fast-moving market.