dYdX (DYDX) gets a bullish rating from InvestorsObserver Thursday. The Derivatives asset is up 2.74% to $8.02 while the broader crypto market is down 2.27%.
dYdX has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on dYdX!
Bullish
Over the last five days, dYdX has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of dYdX over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
dYdX is currently trading near its five-day high of $8.23067183061797. The Derivatives asset is 2.56% off its five-day high and is 32.96% higher than its five-day low of $6.03.dYdX price is trading near resistance. With support set around $7.32 and resistance at $8.07, could face selling pressures soon.
dYdX has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.Due to a lack of data, this crypto may be less suitable for some investors.
Click here to unlock the rest of the report on dYdX