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Very Bullish-Rated dYdX (DYDX) Rises Monday to $8.09

Monday, February 07, 2022 07:46 PM | InvestorsObserver Analysts
Very Bullish-Rated dYdX (DYDX) Rises Monday to $8.09

dYdX (DYDX) gets a very bullish rating from InvestorsObserver Monday. The crypto is up 13.02% to $8.09 while the broader crypto market is up 4.99%.

Sentiment Score - ,
dYdX has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on dYdX!

Very Bullish

Over the last five days, dYdX has earned a Very 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 at a five-day high. The crypto is 0.02% off of its five-day low of $5.65.

dYdX price is currently above resistance. With support set around $6.88 and resistance at $7.69, 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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