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Very Bullish-Rated dYdX (ethDYDX) (ETHDYDX) Rises Friday to $3.31

Friday, February 23, 2024 02:59 PM | InvestorsObserver Analysts
Very Bullish-Rated dYdX (ethDYDX) (ETHDYDX) Rises Friday to $3.31

dYdX (ethDYDX) (ETHDYDX) gets a very bullish rating from InvestorsObserver Friday. The Derivatives asset is up 12.17% to $3.31 while the broader crypto market is down 0.76%.

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

Very Bullish

Over the last five days, dYdX (ethDYDX) has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of dYdX (ethDYDX) 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 (ethDYDX) is currently trading near its five-day high of $3.33437227356372. The Derivatives asset is 0.73% off its five-day high and is 15.97% higher than its five-day low of $2.85.

dYdX (ethDYDX) price is currently above resistance. With support set around $2.88 and resistance at $3.04, dYdX (ethDYDX) is potentially in a volatile position if the rally burns out.

dYdX (ethDYDX) 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 (ethDYDX)

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