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dYdX (DYDX) Rises 14.28% Monday: What's Next for This Bullish Rated Crypto?

Monday, January 30, 2023 10:47 AM | InvestorsObserver Analysts
dYdX (DYDX) Rises 14.28% Monday: What's Next for This Bullish Rated Crypto?

dYdX (DYDX) gets a bullish rating from InvestorsObserver Monday. The crypto is up 14.28% to $2.56 while the broader crypto market is down 1.72%.

Sentiment Score - ,
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 $2.60246275903562. The crypto is 1.63% off its five-day high and is 67.96% higher than its five-day low of $1.52.

dYdX price is currently above resistance. With support set around $2.16 and resistance at $2.36, dYdX is potentially in a volatile position if the rally burns out.

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

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